Danone (OTCMKTS:DANOY) Short Interest Update

Danone (OTCMKTS:DANOY) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 120,225 shares, a growth of 1,853.6% from the August 15th total of 6,154 shares. Based on an average daily volume of 1,090,758 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DANOY. Santander raised Danone to an “outperform” rating in a research report on Wednesday, June 10th. Jefferies Financial Group downgraded shares of Danone from a “buy” rating to an “underperform” rating in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research report on Friday, July 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Danone Trading Down 2.4%

DANOY stock traded down $0.35 during midday trading on Thursday, reaching $14.27. 468,235 shares of the company were exchanged, compared to its average volume of 578,081. Danone has a one year low of $14.19 and a one year high of $18.63. The business has a 50-day moving average price of $15.70 and a two-hundred day moving average price of $15.65. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Danone Company Profile

Danone is a France-based multinational food and beverage company focused on health-oriented products. Its principal business activities include essential dairy and plant-based products, waters, and specialized nutrition for infants, children and adults.

The company markets a broad portfolio of brands, including Activia, Actimel, Oikos, evian, Volvic, Aptamil and Nutricia. Its specialized nutrition operations provide infant formula, medical nutrition and other products designed to support specific dietary and health needs.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.