Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Down 63.1% in August

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 428,072 shares, a drop of 63.1% from the July 30th total of 1,159,072 shares. Based on an average daily volume of 1,859,492 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Adyen Stock Performance

OTCMKTS ADYEY traded down $0.05 during trading on Friday, reaching $12.54. The company’s stock had a trading volume of 409,662 shares, compared to its average volume of 1,714,247. The firm has a 50 day moving average price of $10.41 and a 200 day moving average price of $10.63. Adyen has a 12 month low of $8.93 and a 12 month high of $18.34.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Loop Capital assumed coverage on Adyen in a research report on Wednesday, July 15th. They issued a “hold” rating for the company. BMO Capital Markets reissued an “outperform” rating on shares of Adyen in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Adyen in a research note on Friday, August 14th. Jefferies Financial Group restated a “buy” rating on shares of Adyen in a research report on Monday, May 4th. Finally, BNP Paribas Exane downgraded Adyen to a “neutral” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate 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.