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Short Interest in Adyen (OTCMKTS:ADYEY) Drops By 49.9%

Adyen logo with Computer and Technology background

Adyen (OTCMKTS:ADYEY - Get Free Report) was the target of a significant decline in short interest during the month of November. As of November 15th, there was short interest totalling 250,700 shares, a decline of 49.9% from the October 31st total of 500,200 shares. Based on an average daily trading volume, of 1,307,700 shares, the short-interest ratio is presently 0.2 days.

Adyen Stock Up 0.9 %

Adyen stock traded up $0.13 during midday trading on Thursday, hitting $14.59. 420,389 shares of the company were exchanged, compared to its average volume of 705,990. Adyen has a fifty-two week low of $10.78 and a fifty-two week high of $17.27. The business has a fifty day simple moving average of $14.70 and a two-hundred day simple moving average of $13.60.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADYEY. Barclays raised Adyen to a "strong-buy" rating in a report on Friday, August 16th. Citigroup raised Adyen to a "strong-buy" rating in a report on Friday, August 16th.

Read Our Latest Research Report on Adyen

About Adyen

(Get Free Report)

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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