Danone (OTCMKTS:DANOY) Short Interest Update

Danone (OTCMKTS:DANOY) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 431,583 shares, a decline of 37.8% from the July 15th total of 694,211 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 828,995 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on DANOY. Santander raised 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. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Finally, Jefferies Financial Group lowered Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Danone Trading Up 0.9%

DANOY stock traded up $0.14 during trading hours on Tuesday, hitting $15.12. The company’s stock had a trading volume of 489,561 shares, compared to its average volume of 592,355. Danone has a 12 month low of $14.19 and a 12 month high of $18.63. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90. The stock has a 50 day moving average price of $15.96 and a two-hundred day moving average price of $15.86.

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.