Short Interest in Danone (OTCMKTS:DANOY) Declines By 67.2%

Danone (OTCMKTS:DANOY) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 18,927 shares, a decline of 67.2% from the May 14th total of 57,772 shares. Based on an average daily volume of 850,379 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Danone Stock Up 2.0%

OTCMKTS DANOY opened at $15.32 on Thursday. The company’s 50-day moving average price is $15.24 and its 200-day moving average price is $16.42. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90. Danone has a 12 month low of $14.19 and a 12 month high of $18.63.

Wall Street Analysts Forecast Growth

DANOY has been the topic of several research reports. Kepler Capital Markets upgraded shares of Danone to a “strong-buy” rating in a research report on Wednesday, February 11th. Santander upgraded shares of Danone to an “outperform” rating in a research report on Wednesday. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Danone Company Profile

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.