Adyen (OTCMKTS:ADYEY – Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,502,700 shares, a growth of 630.5% from the February 13th total of 205,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,579,800 shares, the days-to-cover ratio is currently 1.0 days.
Adyen Price Performance
OTCMKTS:ADYEY opened at $16.14 on Friday. Adyen has a twelve month low of $10.78 and a twelve month high of $19.39. The company’s 50-day moving average price is $16.62 and its 200-day moving average price is $15.41.
Analysts Set New Price Targets
Separately, Morgan Stanley reissued an “overweight” rating on shares of Adyen in a research note on Friday, March 7th.
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.
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