Edenred (OTCMKTS:EDNMY) Sees Significant Increase in Short Interest

Edenred (OTCMKTS:EDNMY) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 323 shares, a growth of 32,200.0% from the March 31st total of 1 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 40,624 shares, the days-to-cover ratio is currently 0.0 days.

Edenred Stock Up 3.6%

EDNMY opened at $12.85 on Friday. The firm’s 50-day simple moving average is $10.76 and its 200-day simple moving average is $11.21. Edenred has a twelve month low of $8.60 and a twelve month high of $17.00.

Analysts Set New Price Targets

EDNMY has been the topic of several analyst reports. Citigroup reissued a “neutral” rating on shares of Edenred in a report on Friday. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Friday, April 17th. UBS Group lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research lowered shares of Edenred from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. Finally, Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a report on Sunday, March 15th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Edenred currently has an average rating of “Hold”.

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.