Danone (OTCMKTS:DANOY) Short Interest Update

Danone (OTCMKTS:DANOY) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 748,064 shares, a growth of 796.8% from the June 15th total of 83,419 shares. Based on an average daily volume of 1,693,511 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

DANOY has been the subject of several research reports. Santander upgraded shares of Danone to an “outperform” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research report on Friday, July 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of Danone in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Danone Price Performance

OTCMKTS:DANOY traded down $0.02 during midday trading on Friday, hitting $16.52. The company’s stock had a trading volume of 233,055 shares, compared to its average volume of 728,064. Danone has a fifty-two week low of $14.19 and a fifty-two week high of $18.63. The firm’s 50 day moving average is $15.30 and its 200-day moving average is $16.15. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75.

Danone Company Profile

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.