Short Interest in Edenred (OTCMKTS:EDNMY) Grows By 10,300.0%

Edenred (OTCMKTS:EDNMY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 104 shares, an increase of 10,300.0% from the July 30th total of 1 shares. Based on an average daily volume of 4,920 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Citigroup restated a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Finally, Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Edenred Stock Performance

Shares of EDNMY traded up $0.02 during trading hours on Tuesday, reaching $17.50. 7,931 shares of the company’s stock traded hands, compared to its average volume of 17,451. The firm’s 50 day simple moving average is $14.84 and its 200-day simple moving average is $12.66. Edenred has a 12 month low of $8.60 and a 12 month high of $17.80.

About Edenred

Edenred is a global leader in prepaid corporate services, offering a suite of digital and paper-based solutions designed to enhance employee benefits, streamline expense management and support corporate fleets. The company originated in 1962 as part of the Accor group and was listed as an independent entity on Euronext Paris in 2010. Today, Edenred operates under the Ticket Restaurant® brand, which remains a flagship offering for meal voucher programs, alongside a host of other employee engagement and incentive tools.

The company’s core products and services include employee benefits such as meal vouchers, food allowances and leisure gift certificates, as well as incentive and rewards programs that help organizations motivate and recognize their workforce.