Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Up 94.3% in January

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 315,711 shares, a growth of 94.3% from the December 31st total of 162,475 shares. Based on an average daily trading volume, of 1,279,859 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 1,279,859 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ADYEY. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research note on Friday, January 9th. KeyCorp upgraded shares of Adyen to a “strong-buy” rating in a report on Friday, January 23rd. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Cantor Fitzgerald assumed coverage on Adyen in a research report on Monday. They set an “overweight” rating for the company. Finally, Wells Fargo & Company began coverage on Adyen in a research note on Tuesday, October 21st. They issued an “overweight” rating for the company. Three analysts have rated the stock with a Strong Buy rating and seven have given a Buy rating to the company’s stock. Based on data from MarketBeat, Adyen currently has a consensus rating of “Buy”.

Adyen Stock Performance

Adyen stock opened at $15.26 on Friday. Adyen has a 52-week low of $13.14 and a 52-week high of $19.94. The company’s 50 day moving average is $15.97 and its two-hundred day moving average is $16.50.

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.