Danone (OTCMKTS:DANOY) Stock Short Interest Report for October

Danone (OTCMKTS:DANOY) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 13,521 shares, a decline of 71.4% from the September 30th total of 47,347 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,249,306 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

DANOY has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded Danone from a “moderate sell” rating to a “hold” rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Danone has an average rating of “Moderate Buy”.

Danone Price Performance

DANOY traded up $0.19 during trading hours on Friday, hitting $14.63. The company’s stock had a trading volume of 196,247 shares, compared to its average volume of 594,565. The business’s 50-day moving average price is $14.04 and its 200-day moving average price is $15.45. Danone has a 12 month low of $12.83 and a 12 month high of $18.63. The company has a current ratio of 0.97, a quick ratio of 0.81 and a debt-to-equity ratio of 0.60.

About Danone

Danone is a France-based multinational food and beverage company that develops and markets products in three principal categories: essential dairy and plant-based products, waters, and specialized nutrition. Its portfolio includes fermented dairy products, plant-based foods and beverages, bottled water, infant nutrition, and medical nutrition products.

The company’s brands include Activia, Actimel, Alpro, evian, Volvic, Aptamil, Nutricia, and Fortimel, among others. Danone sells its products through retail, foodservice, healthcare, and specialized nutrition channels, serving consumers and patients in markets across Europe, North America, Latin America, Asia, Africa, and other regions.

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