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

Danone (OTCMKTS:DANOY) was the target of a large growth in short interest during 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 currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

DANOY has been the topic of several recent research reports. Deutsche Bank raised shares of Danone from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Zacks Research cut Danone from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Finally, Jefferies Financial Group upgraded 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 issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Danone Stock Performance

Shares of DANOY traded up $0.21 during trading on Thursday, reaching $15.38. 1,500 shares of the company traded hands, compared to its average volume of 598,592. The stock has a 50-day simple moving average of $14.02 and a 200-day simple moving average of $15.36. Danone has a twelve month low of $12.83 and a twelve month high of $18.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.97 and a quick ratio of 0.81.

About Danone

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.