Adyen (OTCMKTS:ADYEY) Sees Significant Increase in Short Interest

Adyen (OTCMKTS:ADYEY) was the target of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 299,500 shares, an increase of 19.5% from the November 15th total of 250,700 shares. Based on an average daily volume of 970,500 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADYEY shares. Barclays upgraded shares of Adyen to a “strong-buy” rating in a research note on Friday, August 16th. Citigroup upgraded shares of Adyen to a “strong-buy” rating in a research note on Friday, August 16th.

Adyen Price Performance

Shares of ADYEY opened at $15.58 on Friday. Adyen has a 52-week low of $10.78 and a 52-week high of $17.27. The stock’s 50-day simple moving average is $14.71 and its 200 day simple moving average is $13.75.

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.