Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Sees Large Growth in Short Interest

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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,620,401 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,620,401 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

ADYEY has been the topic of several recent analyst reports. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a report on Wednesday, October 29th. Wells Fargo & Company began coverage on Adyen in a research report on Tuesday, October 21st. They issued an “overweight” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Adyen has a consensus rating of “Buy”.

Adyen Stock Performance

Shares of ADYEY stock opened at $16.14 on Tuesday. Adyen has a fifty-two week low of $13.14 and a fifty-two week high of $19.94. The company has a 50 day moving average price of $16.05 and a 200 day moving average price of $16.79.

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.