Adyen (OTCMKTS:ADYEY) Short Interest Update

Adyen (OTCMKTS:ADYEY) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 558,200 shares, a drop of 9.4% from the August 15th total of 615,800 shares. Based on an average trading volume of 642,600 shares, the short-interest ratio is currently 0.9 days.

Analysts Set New Price Targets

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

Adyen Trading Up 2.6 %

OTCMKTS ADYEY opened at $14.71 on Wednesday. Adyen has a one year low of $6.55 and a one year high of $17.27. The business’s fifty day moving average is $13.15 and its 200-day moving average is $13.73.

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.