Short Interest in Edenred (OTCMKTS:EDNMY) Expands By 32,200.0%

Edenred (OTCMKTS:EDNMY) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 323 shares, a growth of 32,200.0% from the March 31st total of 1 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 40,624 shares, the short-interest ratio is presently 0.0 days.

Edenred Stock Performance

Edenred stock traded up $0.45 during midday trading on Friday, hitting $12.85. 4,643 shares of the company were exchanged, compared to its average volume of 23,767. The company’s fifty day moving average price is $10.73 and its 200-day moving average price is $11.21. Edenred has a fifty-two week low of $8.60 and a fifty-two week high of $17.00.

Analyst Upgrades and Downgrades

EDNMY has been the topic of several research analyst reports. Zacks Research lowered Edenred from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Friday. UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research note on Friday, April 17th. Finally, Kepler Capital Markets raised Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Edenred presently 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.