Short Interest in Danone S.A. (OTCMKTS:DANOY) Decreases By 83.3%

Danone S.A. (OTCMKTS:DANOY) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 12,100 shares, a decrease of 83.3% from the December 31st total of 72,300 shares. Based on an average daily volume of 1,024,700 shares, the days-to-cover ratio is presently 0.0 days.

Danone Stock Up 0.2 %

OTCMKTS DANOY traded up $0.03 during trading hours on Tuesday, hitting $14.00. The company’s stock had a trading volume of 533,082 shares, compared to its average volume of 664,928. Danone has a 52 week low of $12.01 and a 52 week high of $14.72. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.91 and a quick ratio of 0.74. The company’s 50-day simple moving average is $13.48 and its two-hundred day simple moving average is $13.71.

Analysts Set New Price Targets

A number of brokerages have recently commented on DANOY. Sanford C. Bernstein upgraded shares of Danone from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th. The Goldman Sachs Group raised shares of Danone to a “hold” rating in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group lowered shares of Danone from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.