Adyen (OTCMKTS:ADYYF – Get Rating) saw a significant growth in short interest in May. As of May 31st, there was short interest totalling 256,400 shares, a growth of 10.9% from the May 15th total of 231,100 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 512.8 days.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the company. BNP Paribas downgraded Adyen from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 8th. Sanford C. Bernstein assumed coverage on Adyen in a research report on Friday, May 26th. They set an “outperform” rating for the company.
Adyen Stock Down 2.5 %
ADYYF opened at $1,711.67 on Friday. Adyen has a 12-month low of $1,153.00 and a 12-month high of $1,959.99. The business has a 50 day moving average of $1,609.51 and a 200-day moving average of $1,523.56.
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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