Short Interest in Edenred (OTCMKTS:EDNMY) Decreases By 100.0%

Edenred (OTCMKTS:EDNMY) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 1 shares, a drop of 100.0% from the February 12th total of 5,333 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 8,772 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 8,772 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Edenred Stock Performance

Shares of OTCMKTS EDNMY remained flat at $10.80 during mid-day trading on Tuesday. 18,151 shares of the stock traded hands, compared to its average volume of 28,038. Edenred has a 12 month low of $9.80 and a 12 month high of $18.66. The firm’s fifty day moving average price is $10.78 and its two-hundred day moving average price is $11.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on EDNMY shares. UBS Group cut Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock 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.