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

Edenred (OTCMKTS:EDNMY) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 339 shares. Based on an average daily 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 EDNMY stock remained flat at $16.00 on Monday. 1,759 shares of the stock traded hands, compared to its average volume of 18,859. Edenred has a 1 year low of $8.60 and a 1 year high of $17.80. The company’s fifty day moving average price is $16.48 and its 200-day moving average price is $13.66.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on EDNMY shares. Morgan Stanley reaffirmed an “overweight” rating on shares of Edenred in a research note on Monday, September 21st. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a research report on Monday, August 3rd. Zacks Research upgraded shares of Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Finally, Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. One equities research 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Edenred Company Profile

Edenred SE is a France-based provider of employee benefits, mobility solutions and corporate payment services. The company helps employers manage benefits and expenses while giving employees access to services such as meal programs, gift cards and other workplace rewards.

Its product portfolio includes meal and food vouchers, employee engagement and incentive solutions, fleet and fuel cards, vehicle maintenance services, business travel and expense-management tools, and virtual payment solutions.