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

Edenred (OTCMKTS:EDNMY) was the recipient of a large increase in short interest in 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 short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

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

Edenred Price Performance

Shares of EDNMY stock remained flat at $16.00 on Monday. 1,759 shares of the stock were exchanged, compared to its average volume of 18,859. Edenred has a twelve month low of $8.60 and a twelve month high of $17.80. The firm has a 50-day moving average of $16.48 and a 200-day moving average of $13.66.

About Edenred

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.