Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Up 44.7% in December

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totaling 174,593 shares, an increase of 44.7% from the November 30th total of 120,618 shares. Based on an average daily trading volume, of 1,620,401 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,620,401 shares, the days-to-cover ratio is presently 0.1 days.

Adyen Stock Performance

ADYEY stock opened at $16.08 on Monday. The company’s 50 day moving average is $16.07 and its 200 day moving average is $16.82. Adyen has a 1-year low of $13.14 and a 1-year high of $19.94.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. Wells Fargo & Company assumed coverage on shares of Adyen in a research note on Tuesday, October 21st. They issued an “overweight” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

About Adyen

Adyen is a global payments technology company that provides an end-to-end platform for accepting and processing electronic payments across online, mobile and point-of-sale channels. Its core services include payment gateway and acquiring capabilities, fraud prevention and risk management, settlement and reconciliation, and tools for recurring and marketplace payments. The platform is designed to consolidate multiple payment functions into a single integration, enabling merchants to accept a wide range of local and international payment methods and currencies.

Founded in 2006 and headquartered in Amsterdam, Adyen was established by Pieter van der Does and Arnout Schuijff to simplify cross-border payments for international merchants.