Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Short Interest Update

Key Points

• Adyen N.V. experienced a significant increase in short interest, rising by 173.8% from 661,700 to 1,811,800 shares as of July 31st.
• Analysts remain optimistic about Adyen, with a consensus rating of "Buy", while Wolfe Research recently downgraded the stock from a "strong-buy" to a "hold".
• Adyen's stock opened at $16.31, with a 1-year low of $12.68 and a high of $19.94, indicating considerable fluctuation over the past year.

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,811,800 shares, agrowthof173.8% from the July 15th total of 661,700 shares. Approximately0.1% of the company's shares are short sold. Based on an average daily volume of 1,598,600 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily volume of 1,598,600 shares, the days-to-cover ratio is currently 1.1 days. Approximately0.1% of the company's shares are short sold.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ADYEY shares. Monness Crespi & Hardt reiterated a "buy" rating on shares of Adyen in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Adyen in a report on Friday. Wolfe Research downgraded Adyen from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Finally, Truist Financial upgraded Adyen to a "strong-buy" rating in a report on Monday, June 2nd. One investment analyst has rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, Adyen currently has a consensus rating of "Buy".

Adyen Stock Performance

Shares of Adyen stock opened at $16.31 on Friday. Adyen has a 1 year low of $12.68 and a 1 year high of $19.94. The business has a 50-day moving average of $18.00 and a two-hundred day moving average of $17.33.

About Adyen

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.

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