Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Down 28.7% in February

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 700,251 shares, a decrease of 28.7% from the February 12th total of 982,693 shares. Based on an average daily trading volume, of 5,506,819 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 5,506,819 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

ADYEY has been the subject of several recent analyst reports. Cantor Fitzgerald initiated coverage on shares of Adyen in a report on Monday, January 26th. They issued an “overweight” rating for the company. Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research report on Friday, January 9th. Wolfe Research upgraded Adyen from a “hold” rating to an “outperform” rating in a research note on Thursday, January 8th. Finally, KeyCorp raised Adyen to a “strong-buy” rating in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Adyen Stock Down 1.5%

OTCMKTS:ADYEY opened at $10.34 on Monday. The firm’s fifty day moving average is $13.62 and its two-hundred day moving average is $15.31. Adyen has a one year low of $10.32 and a one year high of $19.94.

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.