EDENRED (OTCMKTS:EDNMY) Short Interest Update

Key Points

• Edenred (EDNMY) experienced a drastic increase in short interest, rising by 1,800.0% to a total of 1,900 shares as of September 15th.
• The company's stock traded at $12.00, with a current rating of "Hold" from most analysts, following recent downgrades from "strong-buy" ratings by major firms.
• Edenred offers various employee benefit solutions, including services for meals, shopping, and cultural goods, targeting companies, employees, and merchants worldwide.

EDENRED (OTCMKTS:EDNMY - Get Free Report) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,900 shares, an increase of 1,800.0% from the August 31st total of 100 shares. Based on an average trading volume of 32,500 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 32,500 shares, the days-to-cover ratio is presently 0.1 days.

EDENRED Stock Performance

Shares of OTCMKTS EDNMY traded up $0.40 during midday trading on Tuesday, reaching $12.00. The stock had a trading volume of 10,320 shares, compared to its average volume of 10,663. The stock has a 50-day moving average of $14.00 and a 200-day moving average of $15.21. EDENRED has a 12-month low of $11.00 and a 12-month high of $19.80.

Analysts Set New Price Targets

EDNMY has been the topic of several recent research reports. Morgan Stanley reiterated an "overweight" rating on shares of EDENRED in a research report on Wednesday, September 3rd. Zacks Research downgraded shares of EDENRED from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Sanford C. Bernstein downgraded shares of EDENRED from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 15th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, EDENRED currently has an average 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.

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