Edenred (OTCMKTS:EDNMY) Short Interest Up 70.1% in February

Edenred (OTCMKTS:EDNMY) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 5,333 shares, an increase of 70.1% from the January 29th total of 3,136 shares. Based on an average trading volume of 10,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 10,600 shares, the short-interest ratio is presently 0.5 days.

Edenred Stock Down 3.0%

Shares of EDNMY opened at $11.25 on Monday. Edenred has a 1 year low of $9.80 and a 1 year high of $19.00. The company has a 50 day simple moving average of $10.73 and a two-hundred day simple moving average of $11.92.

Analyst Upgrades and Downgrades

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