Edenred (OTCMKTS:EDNMY) Short Interest Update

Edenred (OTCMKTS:EDNMY) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 5,333 shares, an increase of 70.1% from the January 29th total of 3,136 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 10,600 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on EDNMY. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 4th. UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Edenred has an average rating of “Hold”.

Edenred Stock Performance

Shares of EDNMY stock traded down $0.35 on Friday, reaching $11.25. The stock had a trading volume of 18,708 shares, compared to its average volume of 5,353. Edenred has a 1 year low of $9.80 and a 1 year high of $19.00. The company has a 50 day simple moving average of $10.73 and a 200 day simple moving average of $11.97.

Edenred Company Profile

Edenred is a global leader in prepaid corporate services, offering a suite of digital and paper-based solutions designed to enhance employee benefits, streamline expense management and support corporate fleets. The company originated in 1962 as part of the Accor group and was listed as an independent entity on Euronext Paris in 2010. Today, Edenred operates under the Ticket Restaurant® brand, which remains a flagship offering for meal voucher programs, alongside a host of other employee engagement and incentive tools.

The company’s core products and services include employee benefits such as meal vouchers, food allowances and leisure gift certificates, as well as incentive and rewards programs that help organizations motivate and recognize their workforce.