EDENRED (OTCMKTS:EDNMY) Short Interest Down 96.4% in August

Key Points

• EDENRED's short interest fell by 96.4% in August, with only 100 shares sold short as of August 31st, a significant drop from the previous 2,800 shares.
• The company's stock price closed at $13.20 on Thursday, with a 12-month range between $13.05 and $21.50.
• Brokerage ratings for EDENRED include one "Buy" and three "Hold" ratings, with a current consensus rating of "Hold" according to MarketBeat.

EDENRED (OTCMKTS:EDNMY - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 100 shares, a drop of 96.4% from the August 15th total of 2,800 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.0 days.

EDENRED Stock Performance

OTCMKTS:EDNMY traded up $0.30 during mid-day trading on Tuesday, reaching $11.75. The stock had a trading volume of 14,421 shares, compared to its average volume of 10,744. The firm has a 50 day moving average price of $14.61 and a two-hundred day moving average price of $15.60. EDENRED has a one year low of $11.45 and a one year high of $21.50.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Morgan Stanley reiterated an "overweight" rating on shares of EDENRED in a research report on Wednesday, September 3rd. Zacks Research downgraded EDENRED from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Sanford C. Bernstein downgraded EDENRED to a "market perform" rating in a research report on Monday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company 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.