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

Edenred (OTCMKTS:EDNMY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 339 shares. Based on an average trading volume of 12,380 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Edenred Stock Performance

Shares of Edenred stock remained flat at $15.80 on Wednesday. The stock had a trading volume of 2,105 shares, compared to its average volume of 32,406. Edenred has a 52 week low of $8.60 and a 52 week high of $17.80. The company has a fifty day moving average price of $16.52 and a 200 day moving average price of $13.73.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 26th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating on shares of Edenred in a research report on Monday, September 21st. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Edenred Company Profile

Edenred SE is a France-based provider of digital payment and transaction solutions for businesses, employees and public-sector organizations. The company connects employers, merchants and employees through platforms designed to manage benefits, payments and business expenses.

Its services include employee benefits such as meal and food vouchers, mobility and wellness benefits, corporate payment solutions, expense management tools, and fleet and mobility services. Edenred also provides solutions for fuel, tolls, vehicle maintenance, incentives and rewards, as well as selected public-sector programs.

The company traces its origins to the Ticket Restaurant meal-voucher business created in 1962.