Short Interest in Edenred (OTCMKTS:EDNMY) Decreases By 98.3%

Key Points

• EDENRED experienced a significant drop in short interest, decreasing by 98.3% from June to July, with only 100 shares sold short as of mid-July.
• The company's stock price is currently $14.75, with a one-year range between $13.26 and $22.42, and it has a 50-day moving average of $15.32.
• EDENRED recently cut its dividend to $0.499 per share, yielding 3.18%, with payments made to stockholders of record on June 10th.

Edenred (OTCMKTS:EDNMY - Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 100 shares, adecreaseof98.3% from the June 30th total of 5,800 shares. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is currently 0.0 days. Approximately0.0% of the company's stock are sold short. Approximately0.0% of the company's stock are sold short. Based on an average daily trading volume, of 44,400 shares, the short-interest ratio is currently 0.0 days.

Edenred Trading Down 2.8%

Shares of Edenred stock traded down $0.40 during trading hours on Friday, hitting $14.00. The company had a trading volume of 8,332 shares, compared to its average volume of 17,401. The company's 50-day moving average is $15.23 and its two-hundred day moving average is $16.07. Edenred has a twelve month low of $13.26 and a twelve month high of $22.42.

Edenred Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 27th. Investors of record on Tuesday, June 10th were given a $0.499 dividend. The ex-dividend date was Monday, June 9th. This represents a yield of 318.0%.

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.