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

Danone (OTCMKTS:DANOY) saw a significant decline in short interest in August. As of August 14th, there was short interest totaling 6,154 shares, a decline of 98.6% from the July 30th total of 431,583 shares. Based on an average daily volume of 858,750 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Danone Trading Down 0.8%

DANOY traded down $0.12 during trading on Tuesday, hitting $15.26. The company’s stock had a trading volume of 171,708 shares, compared to its average volume of 499,120. Danone has a one year low of $14.19 and a one year high of $18.63. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58. The business’s 50 day simple moving average is $15.96 and its 200-day simple moving average is $15.83.

Analyst Upgrades and Downgrades

DANOY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “sell” rating on shares of Danone in a research report on Friday, July 3rd. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. Jefferies Financial Group downgraded shares of Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Finally, Santander raised Danone to an “outperform” rating in a research report on Wednesday, June 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Danone currently has a consensus rating of “Hold”.

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.