Edenred (OTCMKTS:EDNMY) Short Interest Up 47.4% in August

Edenred (OTCMKTS:EDNMY) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 2,800 shares, agrowthof47.4% from the July 31st total of 1,900 shares. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is currently 0.5 days.

Edenred Trading Up 0.8%

Shares of Edenred stock opened at $13.90 on Friday. Edenred has a 12-month low of $13.26 and a 12-month high of $22.20. The company has a 50-day simple moving average of $15.07 and a 200 day simple moving average of $15.76.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EDNMY shares. Zacks Research cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Morgan Stanley reiterated an “overweight” rating on shares of Edenred in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Edenred Company Profile

Edenred SE provides digital platform for services and payments for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, a solution that allows employees to take time out for lunch at a partner merchant; Ticket Alimentación that allows users to pay for groceries in neighborhood stores and supermarkets; Ticket Regalo, a gift voucher; Ticket CESU, a human services solution; Ticket Plus Card, a solution that enables the purchase of staples, such as food and fuel; Ticket Welfare, which employees can use to pay for a range of services, such as access to sports facilities and solutions for their children’s educational needs; Ticket Guardería for companies without on-site daycare facilities; Childcare Vouchers; Ticket EcoCheque, a solutions that encourages purchase of environmentally friendly products; Ticket Kadeos Culture and Ticket Cultura that are solutions for cultural goods and services.