Adyen (OTCMKTS:ADYEY) Sees Large Growth in Short Interest

Adyen (OTCMKTS:ADYEYGet Rating) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totalling 759,900 shares, a growth of 409.3% from the April 15th total of 149,200 shares. Based on an average daily trading volume, of 2,031,200 shares, the days-to-cover ratio is currently 0.4 days.

Several research analysts recently weighed in on ADYEY shares. Morgan Stanley decreased their target price on Adyen from €3,150.00 ($3,315.79) to €2,800.00 ($2,947.37) and set an “overweight” rating for the company in a research note on Friday, March 25th. KeyCorp cut their price objective on Adyen from €2,750.00 ($2,894.74) to €2,500.00 ($2,631.58) in a research note on Thursday, February 10th. Deutsche Bank Aktiengesellschaft raised Adyen from a “hold” rating to a “buy” rating in a report on Tuesday, February 15th. Berenberg Bank raised Adyen from a “hold” rating to a “buy” rating in a report on Thursday, February 10th. Finally, Barclays raised Adyen from an “equal weight” rating to an “overweight” rating in a report on Thursday, February 10th. Four investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $2,075.00.

Shares of ADYEY opened at $15.39 on Friday. The stock has a fifty day moving average price of $18.08 and a two-hundred day moving average price of $22.25. Adyen has a 52-week low of $13.29 and a 52-week high of $34.94.

Adyen Company Profile (Get Rating)

Adyen N.V. operates a payments platform in Europe, the Middle East, Africa, North America, the Asia Pacific, Latin America. The company's platform integrates payments stack that include gateway, risk management, processing, issuing, acquiring, and settlement services. It offers a back-end infrastructure for authorizing payments across merchants' sales channels, as well as online, mobile, in-store, and APIs; and data insights.

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