Short Interest in EDENRED (OTCMKTS:EDNMY) Rises By 125.0%

EDENRED (OTCMKTS:EDNMY) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 8,100 shares, a growth of 125.0% from the September 30th total of 3,600 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 81,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 81,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

EDENRED Trading Down 4.8%

Shares of EDENRED stock opened at $14.75 on Friday. The business’s 50-day moving average price is $13.11 and its 200-day moving average price is $14.65. EDENRED has a 12 month low of $11.00 and a 12 month high of $19.00.

Analysts Set New Price Targets

A number of analysts recently issued reports on EDNMY shares. Citigroup reissued a “neutral” rating on shares of EDENRED in a report on Wednesday, October 22nd. Zacks Research lowered shares of EDENRED from a “hold” rating to a “strong sell” rating in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of EDENRED in a report on Wednesday, September 3rd. Finally, Sanford C. Bernstein lowered shares of EDENRED from a “strong-buy” rating to a “hold” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About EDENRED

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children’s educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.