Danone (OTCMKTS:DANOY) Stock Short Interest Jumps 410.1%

Danone (OTCMKTS:DANOY) saw a significant growth in short interest during the month of October. As of October 30th, there was short interest totaling 68,964 shares, a growth of 410.1% from the October 15th total of 13,521 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 821,329 shares, the days-to-cover ratio is currently 0.1 days.

Danone Trading Up 0.4%

DANOY stock opened at $15.34 on Wednesday. The stock has a 50-day simple moving average of $14.01 and a two-hundred day simple moving average of $15.36. Danone has a twelve month low of $12.83 and a twelve month high of $18.63. The company has a quick ratio of 0.81, a current ratio of 0.97 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on DANOY shares. Jefferies Financial Group upgraded Danone from a “moderate sell” rating to a “hold” rating in a report on Thursday, October 29th. Deutsche Bank Aktiengesellschaft upgraded Danone from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Zacks Research lowered Danone from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Danone

Danone is a France-based food and beverage company focused on dairy and plant-based products, bottled water, and specialized nutrition. Its portfolio includes products for everyday consumption as well as nutrition for infants and people with specific dietary needs. The company sells brands including Activia, Actimel, Alpro, Evian, Volvic, Aptamil, and Nutricia. Its products are distributed across markets worldwide. Danone traces its origins to 1919, when Isaac Carasso began making yogurt in Barcelona.