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

Danone (OTCMKTS:DANOY) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 18,927 shares, a decline of 67.2% from the May 14th total of 57,772 shares. Based on an average daily trading volume, of 850,379 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Danone Trading Up 2.0%

Shares of DANOY traded up $0.30 during mid-day trading on Friday, reaching $15.58. 357,263 shares of the company’s stock traded hands, compared to its average volume of 573,606. The stock’s 50-day moving average is $15.23 and its two-hundred day moving average is $16.40. Danone has a 12 month low of $14.19 and a 12 month high of $18.63. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DANOY shares. Santander upgraded Danone to an “outperform” rating in a research report on Wednesday. Morgan Stanley restated an “overweight” rating on shares of Danone in a report on Monday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Danone Company Profile

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.