Danone S.A. (OTCMKTS:DANOY) Short Interest Down 24.3% in May

Danone S.A. (OTCMKTS:DANOY) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totalling 92,700 shares, a drop of 24.3% from the April 30th total of 122,400 shares. Based on an average daily volume of 1,236,400 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Danone Stock Performance

DANOY stock traded up $0.19 during mid-day trading on Tuesday, reaching $17.26. 1,052,217 shares of the stock traded hands, compared to its average volume of 753,383. The company has a quick ratio of 0.74, a current ratio of 0.91 and a debt-to-equity ratio of 0.60. Danone has a 52 week low of $12.16 and a 52 week high of $17.65. The business has a 50-day moving average of $16.47 and a two-hundred day moving average of $14.85.

Danone Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 5th will be paid a $0.3675 dividend. This represents a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, May 2nd.

Analysts Set New Price Targets

A number of brokerages have issued reports on DANOY. Royal Bank of Canada cut shares of Danone from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. Citigroup reaffirmed a “neutral” rating on shares of Danone in a report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock has a consensus 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.