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

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw a significant decrease in short interest in August. As of August 14th, there was short interest totaling 428,072 shares, a decrease of 63.1% from the July 30th total of 1,159,072 shares. Based on an average daily trading volume, of 1,859,492 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Adyen Stock Performance

Shares of ADYEY opened at $12.54 on Friday. Adyen has a fifty-two week low of $8.93 and a fifty-two week high of $18.34. The firm’s 50-day simple moving average is $10.41 and its two-hundred day simple moving average is $10.63.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Adyen in a research report on Friday, August 14th. Wolfe Research restated an “outperform” rating on shares of Adyen in a research note on Tuesday. BMO Capital Markets restated an “outperform” rating on shares of Adyen in a research report on Friday, August 14th. Monness Crespi & Hardt reiterated a “buy” rating on shares of Adyen in a report on Wednesday, May 6th. Finally, Loop Capital began coverage on Adyen in a research report on Wednesday, July 15th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.