Danone (OTCMKTS:DANOY) Short Interest Update

Danone (OTCMKTS:DANOY) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 120,225 shares, a growth of 1,853.6% from the August 15th total of 6,154 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,090,758 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several research firms have recently weighed in on DANOY. Jefferies Financial Group lowered Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. 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 note on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a report on Friday, July 3rd. One investment 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Danone Stock Down 2.4%

DANOY opened at $14.27 on Friday. The company has a fifty day moving average price of $15.70 and a two-hundred day moving average price of $15.65. Danone has a 1-year low of $14.19 and a 1-year high of $18.63. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58.

Danone Company Profile

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.