Short Interest in Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Expands By 44.7%

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 174,593 shares, an increase of 44.7% from the November 30th total of 120,618 shares. Based on an average trading volume of 1,620,401 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,620,401 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on ADYEY shares. Wells Fargo & Company initiated coverage on Adyen in a research report on Tuesday, October 21st. They set an “overweight” rating on the stock. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research note on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Adyen has an average rating of “Buy”.

Adyen Trading Down 0.2%

Shares of OTCMKTS ADYEY opened at $16.10 on Wednesday. Adyen has a 12-month low of $13.14 and a 12-month high of $19.94. The stock has a 50 day simple moving average of $16.03 and a 200-day simple moving average of $16.77.

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.