Danone (OTCMKTS:DANOY) Stock Short Interest Declines 90.1%

Danone (OTCMKTS:DANOY) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 11,869 shares, a decline of 90.1% from the August 31st total of 120,225 shares. Based on an average daily volume of 908,787 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

DANOY has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Danone from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group cut shares of Danone from a “buy” rating to an “underperform” rating in a report on Tuesday, July 21st. Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Finally, Santander upgraded Danone to an “outperform” rating in a report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Danone currently has a consensus rating of “Hold”.

Danone Price Performance

OTCMKTS:DANOY traded down $0.08 during mid-day trading on Thursday, reaching $13.60. 750,427 shares of the company’s stock were exchanged, compared to its average volume of 578,249. Danone has a one year low of $13.59 and a one year high of $18.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75. The business’s fifty day simple moving average is $15.16 and its two-hundred day simple moving average is $15.46.

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.