Danone (OTCMKTS:DANOY) Sees Significant Drop in Short Interest

Danone (OTCMKTS:DANOY) was the recipient of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 6,154 shares, a decline of 98.6% from the July 30th total of 431,583 shares. Based on an average daily volume of 858,750 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Danone Price Performance

Shares of Danone stock traded down $0.12 during midday trading on Tuesday, hitting $15.26. The company had a trading volume of 171,708 shares, compared to its average volume of 499,120. Danone has a 12-month low of $14.19 and a 12-month high of $18.63. The company has a fifty day simple moving average of $15.96 and a 200 day simple moving average of $15.83. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.75 and a current ratio of 0.90.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Santander raised Danone to an “outperform” rating in a research report on Wednesday, June 10th. Jefferies Financial Group downgraded shares of Danone from a “buy” rating to an “underperform” rating in a research note on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Danone currently has a consensus rating of “Hold”.

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.