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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 617,961 shares, a decline of 34.9% from the March 15th total of 949,939 shares. Based on an average trading volume of 2,351,326 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

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

Adyen Stock Up 3.3%

Shares of OTCMKTS:ADYEY opened at $10.90 on Wednesday. The company has a 50-day simple moving average of $10.98 and a 200-day simple moving average of $14.36. Adyen has a one year low of $9.45 and a one year high of $19.94.

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.