Danone (OTCMKTS:DANOY) Short Interest Update

Danone (OTCMKTS:DANOY) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 748,064 shares, a growth of 796.8% from the June 15th total of 83,419 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 1,693,511 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research note on Friday, July 3rd. Santander raised shares of Danone to an “outperform” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Danone Price Performance

OTCMKTS DANOY opened at $16.52 on Monday. The stock’s 50 day moving average is $15.30 and its 200 day moving average is $16.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75. Danone has a 12 month low of $14.19 and a 12 month high of $18.63.

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.