Edenred (OTCMKTS:EDNMY) Short Interest Update

Key Points

• The short interest in Edenred (OTCMKTS:EDNMY) surged by 47.4% in August, rising from 1,900 shares at the end of July to 2,800 shares by August 15th.
• Edenred's stock opened at $13.90, with a trading range over the past year between a low of $13.26 and a high of $22.20.
• Analysts have mixed views on Edenred, with Zacks Research downgrading the stock to a "hold" rating while Morgan Stanley maintains an "overweight" rating, resulting in a consensus rating of "hold."

Edenred (OTCMKTS:EDNMY - Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totaling 2,800 shares, an increase of 47.4% from the July 31st total of 1,900 shares. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 5,400 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EDNMY. Morgan Stanley reissued an "overweight" rating on shares of Edenred in a research report on Wednesday, September 3rd. Zacks Research cut Edenred from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Edenred Trading Down 6.8%

Edenred stock traded down $0.90 during midday trading on Friday, reaching $12.30. The company had a trading volume of 7,065 shares, compared to its average volume of 9,655. The firm's fifty day simple moving average is $14.86 and its 200-day simple moving average is $15.69. Edenred has a 12-month low of $11.90 and a 12-month high of $21.50.

About Edenred

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.