Short Interest in Danone (OTCMKTS:DANOY) Decreases By 67.2%

Danone (OTCMKTS:DANOY) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 18,927 shares, a decline of 67.2% from the May 14th total of 57,772 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 850,379 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DANOY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research note on Thursday, May 7th. Santander raised shares of Danone to an “outperform” rating in a research note on Wednesday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danone in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Danone Stock Up 2.0%

DANOY stock traded up $0.30 during trading on Friday, hitting $15.58. The stock had a trading volume of 357,263 shares, compared to its average volume of 420,497. The company’s 50 day moving average price is $15.22 and its two-hundred day moving average price is $16.40. Danone has a 1-year low of $14.19 and a 1-year high of $18.63. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

About Danone

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.