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

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADYEY. Wells Fargo & Company began coverage on shares of Adyen in a research report on Tuesday, October 21st. They set an “overweight” rating for the company. Cantor Fitzgerald assumed coverage on Adyen in a research note on Monday, January 26th. They set an “overweight” rating on the stock. KeyCorp raised Adyen to a “strong-buy” rating in a research note on Friday, January 23rd. Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a report on Friday, January 9th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Adyen in a report on Wednesday, October 29th. Three analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Adyen Stock Down 2.2%

Adyen stock opened at $10.72 on Friday. Adyen has a twelve month low of $10.57 and a twelve month high of $19.94. The stock’s fifty day simple moving average is $15.52 and its 200-day simple moving average is $16.14.

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.