Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Down 28.7% in February

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 700,251 shares, a drop of 28.7% from the February 12th total of 982,693 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,506,819 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 5,506,819 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ADYEY shares. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a report on Friday, January 23rd. Cantor Fitzgerald started coverage on Adyen in a research note on Monday, January 26th. They issued an “overweight” rating for the company. Wolfe Research raised shares of Adyen from a “hold” rating to an “outperform” rating in a research report on Thursday, January 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Three investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Adyen Stock Down 1.5%

Shares of ADYEY opened at $10.34 on Friday. Adyen has a fifty-two week low of $10.32 and a fifty-two week high of $19.94. The business’s 50-day moving average is $13.62 and its two-hundred day moving average is $15.33.

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.