Danone (OTCMKTS:DANOY) Stock Short Interest Jumps 410.1%

Danone (OTCMKTS:DANOY) was the target of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 68,964 shares, a growth of 410.1% from the October 15th total of 13,521 shares. Based on an average trading volume of 821,329 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

A number of brokerages have weighed in on DANOY. Deutsche Bank raised shares of Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Morgan Stanley reissued an “overweight” rating on shares of Danone in a report on Thursday, July 30th. Zacks Research cut shares of Danone from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 29th. Finally, Jefferies Financial Group upgraded shares of Danone from a “moderate sell” rating to a “hold” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Danone Stock Performance

Shares of DANOY opened at $15.25 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.97 and a debt-to-equity ratio of 0.60. Danone has a 12-month low of $12.83 and a 12-month high of $18.63. The stock’s fifty day simple moving average is $14.03 and its 200-day simple moving average is $15.36.

Danone Company Profile

Danone is a France-based food and beverage company focused on dairy and plant-based products, bottled water, and specialized nutrition. Its portfolio includes products for everyday consumption as well as nutrition for infants and people with specific dietary needs. The company sells brands including Activia, Actimel, Alpro, Evian, Volvic, Aptamil, and Nutricia. Its products are distributed across markets worldwide. Danone traces its origins to 1919, when Isaac Carasso began making yogurt in Barcelona.