Short Interest in Edenred (OTCMKTS:EDNMY) Decreases By 99.7%

Edenred (OTCMKTS:EDNMY) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1 shares, a decrease of 99.7% from the April 15th total of 323 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 11,018 shares, the short-interest ratio is currently 0.0 days.

Analyst Ratings Changes

EDNMY has been the subject of a number of research reports. Citigroup restated a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Kepler Capital Markets upgraded Edenred to a “strong-buy” rating in a report on Sunday, March 15th. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research report on Friday, April 17th. Finally, Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Edenred Trading Down 6.1%

Shares of EDNMY opened at $12.02 on Wednesday. Edenred has a fifty-two week low of $8.60 and a fifty-two week high of $17.00. The stock has a fifty day moving average of $11.10 and a two-hundred day moving average of $11.19.

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.