Edenred (OTCMKTS:EDNMY) Short Interest Update

Edenred (OTCMKTS:EDNMY) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 1 shares, a drop of 99.7% from the April 15th total of 323 shares. Based on an average trading volume of 11,018 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Edenred Trading Up 3.6%

Shares of EDNMY stock traded up $0.45 on Monday, hitting $12.80. 2,573 shares of the stock traded hands, compared to its average volume of 12,742. The firm’s 50-day moving average price is $11.08 and its two-hundred day moving average price is $11.22. Edenred has a twelve month low of $8.60 and a twelve month high of $17.00.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EDNMY shares. Kepler Capital Markets raised shares of Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research note on Friday, April 17th. UBS Group cut shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Finally, Zacks Research cut shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

Edenred Company Profile

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.