Danone (OTCMKTS:DANOY) Shares Shorted: Short Interest Down 90.1% in September

Danone (OTCMKTS:DANOY) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 11,869 shares, a decrease of 90.1% from the August 31st total of 120,225 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 908,787 shares, the days-to-cover ratio is presently 0.0 days.

Danone Trading Down 0.6%

Shares of DANOY traded down $0.08 during midday trading on Thursday, hitting $13.60. The company’s stock had a trading volume of 750,427 shares, compared to its average volume of 578,249. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. Danone has a one year low of $13.59 and a one year high of $18.63. The company’s fifty day simple moving average is $15.16 and its two-hundred day simple moving average is $15.46.

Analyst Upgrades and Downgrades

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

About Danone

Danone is a France-based multinational food and beverage company focused on health-oriented products. Its principal business activities include essential dairy and plant-based products, waters, and specialized nutrition for infants, children and adults.

The company markets a broad portfolio of brands, including Activia, Actimel, Oikos, evian, Volvic, Aptamil and Nutricia. Its specialized nutrition operations provide infant formula, medical nutrition and other products designed to support specific dietary and health needs.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.