Edenred (OTCMKTS:EDNMY) Short Interest Up 47.4% in August

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 target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 2,800 shares, agrowthof47.4% from the July 31st total of 1,900 shares. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is currently 0.5 days.

Edenred Trading Up 0.8%

Shares of Edenred stock opened at $13.90 on Friday. Edenred has a 12-month low of $13.26 and a 12-month high of $22.20. The company has a 50-day simple moving average of $15.07 and a 200 day simple moving average of $15.76.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on EDNMY shares. Zacks Research cut shares of Edenred from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Morgan Stanley reiterated an "overweight" rating on shares of Edenred in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.