Short Interest in Danone S.A. (OTCMKTS:DANOY) Declines By 83.3%

Danone S.A. (OTCMKTS:DANOY) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 12,100 shares, a drop of 83.3% from the December 31st total of 72,300 shares. Based on an average daily trading volume, of 1,024,700 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DANOY. The Goldman Sachs Group upgraded shares of Danone to a “hold” rating in a research report on Tuesday, December 17th. Jefferies Financial Group cut 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 report on Thursday, January 9th.

Danone Stock Performance

Shares of DANOY stock traded up $0.03 during midday trading on Wednesday, reaching $14.00. 533,082 shares of the stock were exchanged, compared to its average volume of 432,760. The company’s 50 day moving average is $13.48 and its two-hundred day moving average is $13.72. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 0.60. Danone has a 1 year low of $12.01 and a 1 year high of $14.72.

Danone Company Profile

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.