Adyen (OTCMKTS:ADYEY – Get Free Report) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 250,700 shares, a drop of 49.9% from the October 31st total of 500,200 shares. Based on an average trading volume of 1,307,700 shares, the days-to-cover ratio is presently 0.2 days.
Adyen Price Performance
ADYEY opened at $14.59 on Thursday. The business has a fifty day simple moving average of $14.70 and a 200-day simple moving average of $13.60. Adyen has a fifty-two week low of $10.78 and a fifty-two week high of $17.27.
Analysts Set New Price Targets
ADYEY has been the subject of several research reports. Barclays raised Adyen to a “strong-buy” rating in a research note on Friday, August 16th. Citigroup raised Adyen to a “strong-buy” rating in a research note on Friday, August 16th.
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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