Short Interest in Edenred SE (OTCMKTS:EDNMY) Decreases By 43.8%

Edenred SE (OTCMKTS:EDNMY) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,700 shares, a decrease of 43.8% from the December 31st total of 4,800 shares. Based on an average daily volume of 238,800 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

EDNMY has been the topic of a number of research analyst reports. Citigroup raised shares of Edenred to a “hold” rating in a research note on Tuesday, October 15th. Barclays downgraded shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Sunday.

Edenred Price Performance

Shares of Edenred stock traded down $0.20 on Wednesday, reaching $16.80. The company had a trading volume of 15,613 shares, compared to its average volume of 6,866. The firm’s 50 day moving average price is $16.04 and its two-hundred day moving average price is $17.88. Edenred has a 52-week low of $14.00 and a 52-week high of $30.75.

About Edenred

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.