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 in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 3,181,811 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 3,181,811 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Adyen Trading Up 3.5%

Shares of ADYEY stock traded up $0.39 during mid-day trading on Wednesday, reaching $11.39. The stock had a trading volume of 3,965,476 shares, compared to its average volume of 1,751,524. Adyen has a 12-month low of $10.57 and a 12-month high of $19.94. The business has a 50-day simple moving average of $14.93 and a 200 day simple moving average of $15.84.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of Adyen in a report on Wednesday, October 29th. Wolfe Research raised Adyen from a “hold” rating to an “outperform” rating in a report on Thursday, January 8th. Cantor Fitzgerald began coverage on Adyen in a research report on Monday, January 26th. They issued an “overweight” rating for the company. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. Three research analysts have rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to data from MarketBeat.com, Adyen 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.