Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Up 480.3% in February

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 982,693 shares, an increase of 480.3% from the January 29th total of 169,351 shares. Based on an average trading volume of 3,181,811 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 3,181,811 shares, the days-to-cover ratio is currently 0.3 days.

Adyen Stock Performance

Shares of ADYEY stock opened at $11.39 on Thursday. Adyen has a 12-month low of $10.57 and a 12-month high of $19.94. The firm has a 50 day moving average price of $14.84 and a two-hundred day moving average price of $15.81.

Analyst Upgrades and Downgrades

ADYEY has been the subject of a number of recent analyst reports. Cantor Fitzgerald began coverage on shares of Adyen in a research note on Monday, January 26th. They issued an “overweight” rating for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. KeyCorp raised Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Morgan Stanley restated an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. Finally, Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Three research analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

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.