Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Update

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 315,711 shares, an increase of 94.3% from the December 31st total of 162,475 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 1,279,859 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 1,279,859 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

ADYEY has been the subject of a number of research reports. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. KeyCorp upgraded Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company began coverage on shares of Adyen in a research note on Tuesday, October 21st. They issued an “overweight” rating for the company. Finally, Cantor Fitzgerald assumed coverage on shares of Adyen in a report on Monday. They set an “overweight” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, Adyen has an average rating of “Buy”.

Adyen Price Performance

OTCMKTS ADYEY opened at $14.77 on Friday. Adyen has a 1 year low of $13.14 and a 1 year high of $19.94. The business’s 50-day moving average is $15.97 and its 200 day moving average is $16.48.

Adyen Company Profile

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.