Short Interest in Adyen (OTCMKTS:ADYEY) Drops By 21.4%

Adyen (OTCMKTS:ADYEY - Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 410,600 shares, a drop of 21.4% from the March 31st total of 522,200 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 2,124,600 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley restated an "overweight" rating on shares of Adyen in a report on Friday, March 7th. Evercore ISI raised shares of Adyen to a "strong-buy" rating in a research note on Tuesday, April 8th. Finally, Monness Crespi & Hardt reiterated a "buy" rating on shares of Adyen in a research report on Friday. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Strong Buy".

Adyen Stock Performance

Adyen stock traded up $0.07 on Tuesday, hitting $16.67. 643,908 shares of the stock traded hands, compared to its average volume of 665,348. Adyen has a 1 year low of $10.78 and a 1 year high of $19.39. The business's fifty day simple moving average is $16.14 and its 200 day simple moving average is $15.68.

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.