EDENRED (OTCMKTS:EDNMY) Short Interest Up 1,800.0% in July

Key Points

• Edenred's short interest surged by 1,800.0% in July, reaching a total of 1,900 shares as of July 31st, indicating heightened bearish sentiment around the stock.
• The company's stock price increased by 8.5% during mid-day trading on Thursday, reaching $16.00, with a notable trading volume of 2,726 shares.
• Edenred recently cut its dividend, paying shareholders a dividend of $0.499, which represents a yield of 318.0%.

EDENRED (OTCMKTS:EDNMY - Get Free Report) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,900 shares, agrowthof1,800.0% from the July 15th total of 100 shares. Approximately0.0% of the shares of the company are sold short. Based on an average daily volume of 8,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 8,000 shares, the short-interest ratio is currently 0.2 days. Approximately0.0% of the shares of the company are sold short.

EDENRED Trading Down 3.1%

Shares of EDNMY stock traded down $0.48 on Tuesday, reaching $14.82. The company's stock had a trading volume of 1,651 shares, compared to its average volume of 3,820. The stock's fifty day simple moving average is $15.11 and its 200-day simple moving average is $15.95. EDENRED has a 1 year low of $13.26 and a 1 year high of $22.42.

EDENRED Cuts Dividend

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

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.