Edenred (OTCMKTS:EDNMY) Short Interest Update

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

Edenred Stock Up 3.6%

OTCMKTS:EDNMY traded up $0.45 on Monday, reaching $12.80. 2,573 shares of the company’s stock were exchanged, compared to its average volume of 12,742. The business has a fifty day moving average of $11.08 and a 200-day moving average of $11.22. Edenred has a 52-week low of $8.60 and a 52-week high of $17.00.

Wall Street Analyst Weigh In

A number of research firms have commented on EDNMY. Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a research report on Sunday, March 15th. UBS Group cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 23rd. Zacks Research cut shares of Edenred from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Friday, April 17th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.