Adyen (OTCMKTS:ADYEY – Get Free Report) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 328,300 shares, a decline of 78.2% from the February 28th total of 1,502,700 shares. Based on an average daily trading volume, of 1,407,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.
Adyen Stock Down 1.0 %
Shares of ADYEY opened at $15.58 on Friday. Adyen has a 12 month low of $10.78 and a 12 month high of $19.39. The firm’s 50 day moving average is $16.90 and its 200-day moving average is $15.55.
Analysts Set New Price Targets
Separately, Morgan Stanley reiterated an “overweight” rating on shares of Adyen in a report on Friday, March 7th.
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.
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