Short Interest in Danone S.A. (OTCMKTS:DANOY) Decreases By 39.6%
Danone S.A. (OTCMKTS:DANOY) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 23,300 shares, a decline of 39.6% from the September 15th total of 38,600 shares. Based on an average daily volume of 1,557,600 shares, the short-interest ratio is presently 0.0 days.
Danone stock opened at $12.51 on Friday. The company has a quick ratio of 0.83, a current ratio of 1.01 and a debt-to-equity ratio of 0.88. Danone has a 52 week low of $11.25 and a 52 week high of $17.52. The company has a market capitalization of $42.92 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 7.34 and a beta of 0.65. The stock has a 50-day moving average price of $13.13 and a 200 day moving average price of $13.42.
DANOY has been the topic of several analyst reports. UBS Group lowered Danone from a “buy” rating to a “sell” rating in a research note on Monday, June 29th. Berenberg Bank restated a “hold” rating on shares of Danone in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft lowered Danone from a “buy” rating to a “hold” rating in a research note on Friday, August 7th. Sanford C. Bernstein assumed coverage on Danone in a research note on Monday, October 12th. They set an “underperform” rating on the stock. Finally, Zacks Investment Research lowered Danone from a “hold” rating to a “sell” rating in a research note on Tuesday, August 25th. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold”.
Danone SA operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Danone, Danonino or Prostokvashino, Light & Free, Actimel, Activia, Oikos, Danette, Danissimo, YoPRO, Horizon, SToK, Silk, So Delicious, Vega, and Alpro brands, as well as under the license brands, including International Delight, Dunkin' Donuts, and Bailey's.
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