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

Edenred (OTCMKTS:EDNMY) was the recipient of a significant decrease in short interest in 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. Based on an average daily trading volume, of 11,018 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Edenred Price Performance

Edenred stock opened at $12.80 on Tuesday. The firm has a fifty day simple moving average of $11.08 and a two-hundred day simple moving average of $11.22. Edenred has a twelve month low of $8.60 and a twelve month high of $17.00.

Analyst Ratings Changes

Several equities analysts recently commented on EDNMY shares. Kepler Capital Markets raised Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 8th. UBS Group downgraded Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Citigroup reissued a “neutral” rating on shares of Edenred in a report on Friday, April 24th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Edenred currently has a consensus 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.