Edenred (OTCMKTS:EDNMY) Short Interest Down 100.0% in February

Edenred (OTCMKTS:EDNMY) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 1 shares, a decline of 100.0% from the February 12th total of 5,333 shares. Based on an average daily trading volume, of 8,772 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 8,772 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

EDNMY has been the topic of a number of research reports. UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Edenred Price Performance

Shares of OTCMKTS EDNMY remained flat at $10.80 during mid-day trading on Tuesday. The stock had a trading volume of 18,151 shares, compared to its average volume of 28,038. The company has a 50 day moving average price of $10.78 and a 200-day moving average price of $11.74. Edenred has a 12 month low of $9.80 and a 12 month high of $18.66.

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.