Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Down 46.4% in January

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 169,351 shares, a decrease of 46.4% from the January 15th total of 315,711 shares. Based on an average daily volume of 2,550,960 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 2,550,960 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

ADYEY has been the subject of several analyst reports. Wells Fargo & Company assumed coverage on shares of Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating for the company. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Wednesday, October 29th. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Finally, Cantor Fitzgerald began coverage on Adyen in a report on Monday, January 26th. They set an “overweight” rating for the company. Three research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Adyen Trading Down 2.2%

OTCMKTS:ADYEY opened at $10.72 on Friday. Adyen has a one year low of $10.57 and a one year high of $19.94. The firm’s 50 day simple moving average is $15.52 and its 200 day simple moving average is $16.15.

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.