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 - ) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 1,900 shares, anincreaseof1,800.0% from the July 15th total of 100 shares. Based on an average daily trading volume, of 8,000 shares, the days-to-cover ratio is currently 0.2 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 trading volume, of 8,000 shares, the days-to-cover ratio is currently 0.2 days.

Edenred Trading Up 8.5%

Shares of EDNMY stock traded up $1.25 during mid-day trading on Thursday, reaching $16.00. The stock had a trading volume of 2,726 shares, compared to its average volume of 4,109. The business has a 50-day simple moving average of $15.09 and a 200 day simple moving average of $16.01. Edenred has a 12-month low of $13.26 and a 12-month high of $22.42.

Edenred Cuts Dividend

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

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