Danone S.A. (OTCMKTS:DANOY) Sees Large Growth in Short Interest

Danone S.A. (OTCMKTS:DANOY) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 181,000 shares, a growth of 89.5% from the March 15th total of 95,500 shares. Based on an average trading volume of 1,321,300 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Danone Stock Up 0.6 %

Shares of Danone stock traded up $0.10 during midday trading on Friday, hitting $16.75. The company had a trading volume of 166,344 shares, compared to its average volume of 752,614. Danone has a 52-week low of $12.01 and a 52-week high of $16.83. The company has a 50 day moving average of $15.16 and a 200 day moving average of $14.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91.

Analyst Ratings Changes

A number of research firms have commented on DANOY. Royal Bank of Canada cut shares of Danone from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup raised shares of Danone to a “hold” rating in a research note on Monday. Jefferies Financial Group downgraded Danone from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Finally, Sanford C. Bernstein upgraded shares of Danone from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

Danone Company Profile

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.