Edenred (OTCMKTS:EDNMY – Get Free Report) was the recipient of a large increase in short interest during 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 4,920 shares, the days-to-cover ratio is presently 0.0 days.
Edenred Stock Up 0.1%
Shares of Edenred stock traded up $0.02 on Tuesday, hitting $17.50. The company had a trading volume of 7,931 shares, compared to its average volume of 17,451. The stock has a 50-day moving average of $14.84 and a 200-day moving average of $12.66. Edenred has a twelve month low of $8.60 and a twelve month high of $17.80.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on EDNMY shares. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Edenred in a report on Monday, August 3rd. Zacks Research downgraded Edenred from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. One 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 stock. According to data from MarketBeat.com, Edenred currently 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.
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