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

Danone (OTCMKTS:DANOY) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 748,064 shares, an increase of 796.8% from the June 15th total of 83,419 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 1,693,511 shares, the short-interest ratio is currently 0.4 days.

Danone Stock Performance

Shares of Danone stock traded down $0.02 during trading on Friday, reaching $16.52. The company’s stock had a trading volume of 233,055 shares, compared to its average volume of 728,064. 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 has a 1-year low of $14.19 and a 1-year high of $18.63. The company has a 50-day simple moving average of $15.30 and a two-hundred day simple moving average of $16.15.

Analysts Set New Price Targets

DANOY has been the subject of several recent research reports. Santander raised Danone to an “outperform” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research report on Friday, July 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Danone in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.