Danone S.A. (OTCMKTS:DANOY) Sees Significant Increase in Short Interest

Danone S.A. (OTCMKTS:DANOY) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 95,500 shares, an increase of 154.7% from the February 28th total of 37,500 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 2,665,300 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. The Goldman Sachs Group raised Danone to a “hold” rating in a report on Tuesday, December 17th. Royal Bank of Canada downgraded shares of Danone from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Jefferies Financial Group downgraded shares of Danone from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein raised shares of Danone from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 9th.

Danone Trading Up 0.3 %

OTCMKTS DANOY traded up $0.05 during trading on Friday, reaching $15.30. 133,893 shares of the company’s stock traded hands, compared to its average volume of 757,277. The company’s 50 day simple moving average is $14.49 and its two-hundred day simple moving average is $14.10. Danone has a 12-month low of $12.01 and a 12-month high of $15.68. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.