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

Key Points

• Short interest jumped 35.7% month-to-month to 949,939 shares as of March 13, yet this represents just 0.0% of shares and a very low days-to-cover ratio of 0.2 days (average daily volume 4,134,089).
• Analysts collectively rate Adyen as a Buy (three Strong Buy, seven Buy), with recent upgrades and coverage starts from firms including KeyCorp, Wolfe Research, Morgan Stanley and Cantor Fitzgerald.
• ADYEY opened at $9.79 (down 2.0%), trading near its 1-year low of $9.72 versus a 1-year high of $19.94, with a 50-day moving average of $12.33 and a 200-day moving average of $14.88.

Adyen N.V. Unsponsored ADR (OTCMKTS:ADYEY - Get Free Report) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 949,939 shares, an increase of 35.7% from the February 26th total of 700,251 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 4,134,089 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Cantor Fitzgerald started coverage on Adyen in a report on Monday, January 26th. They issued an "overweight" rating for the company. KeyCorp raised shares of Adyen to a "strong-buy" rating in a research report on Friday, January 23rd. Morgan Stanley restated an "overweight" rating on shares of Adyen in a research note on Friday, January 9th. Finally, Wolfe Research raised shares of Adyen from a "hold" rating to an "outperform" rating in a report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, Adyen has a consensus rating of "Buy".

Adyen Trading Down 2.0%

ADYEY stock opened at $9.79 on Friday. Adyen has a 1-year low of $9.72 and a 1-year high of $19.94. The firm has a fifty day moving average price of $12.33 and a two-hundred day moving average price of $14.88.

About Adyen

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.

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