Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Down 55.9% in August

Key Points

• Adyen N.V. experienced a 55.9% decrease in short interest in August, with total short interest dropping from 1,811,800 shares to 799,100 shares.
• Analyst ratings for Adyen include two "Strong Buy" ratings and three "Buy" ratings, indicating a positive consensus, while one analyst downgraded it to "Hold".
• The stock opened at $16.26 with a 12-month low of $12.68 and a high of $19.94, reflecting its performance over the past year.

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 799,100 shares, adropof55.9% from the July 31st total of 1,811,800 shares. Based on an average trading volume of 1,442,300 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 1,442,300 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Monness Crespi & Hardt reissued a "buy" rating on shares of Adyen in a report on Friday, August 15th. Truist Financial raised Adyen to a "strong-buy" rating in a report on Monday, June 2nd. Wolfe Research lowered Adyen from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Adyen in a research report on Friday, August 15th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy".

Adyen Trading Up 0.5%

Shares of ADYEY traded up $0.08 during midday trading on Friday, reaching $16.22. 868,980 shares of the company were exchanged, compared to its average volume of 655,520. Adyen has a 1-year low of $12.68 and a 1-year high of $19.94. The stock has a 50-day moving average price of $17.37 and a 200-day moving average price of $17.31.

Adyen Company Profile

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.