Short Interest in Danone (OTCMKTS:DANOY) Grows By 340.7%

Danone (OTCMKTS:DANOY) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 83,419 shares, an increase of 340.7% from the May 31st total of 18,927 shares. Based on an average trading volume of 875,460 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research firms recently commented on DANOY. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a research note on Thursday, May 7th. Santander raised Danone to an “outperform” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Danone has a consensus rating of “Moderate Buy”.

Danone Price Performance

DANOY traded up $0.41 during trading on Friday, hitting $16.46. The company’s stock had a trading volume of 973,467 shares, compared to its average volume of 522,925. Danone has a twelve month low of $14.19 and a twelve month high of $18.63. The business’s fifty day simple moving average is $15.12 and its 200 day simple moving average is $16.23. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58.

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.