Short Interest in Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY) Increases By 173.8%

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 large growth in short interest in 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. Based on an average trading volume of 1,598,600 shares, the short-interest ratio is currently 1.1 days. Approximately0.1% of the company's stock are short sold. Approximately0.1% of the company's stock are short sold. Based on an average trading volume of 1,598,600 shares, the short-interest ratio is currently 1.1 days.

Adyen Trading Up 1.0%

OTCMKTS:ADYEY traded up $0.16 during mid-day trading on Wednesday, reaching $16.95. 1,530,595 shares of the stock were exchanged, compared to its average volume of 668,065. The company has a 50 day simple moving average of $17.83 and a 200-day simple moving average of $17.35. Adyen has a 1 year low of $12.6750 and a 1 year high of $19.94.

Analyst Upgrades and Downgrades

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

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.