Short Interest in Danone (OTCMKTS:DANOY) Decreases By 98.6%

Danone (OTCMKTS:DANOY) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 6,154 shares, a decline of 98.6% from the July 30th total of 431,583 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 858,750 shares, the short-interest ratio is presently 0.0 days.

Danone Trading Down 0.8%

Shares of OTCMKTS:DANOY opened at $15.26 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75. The firm has a 50 day simple moving average of $15.96 and a 200 day simple moving average of $15.83. Danone has a one year low of $14.19 and a one year high of $18.63.

Wall Street Analysts Forecast Growth

DANOY has been the topic of several recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Danone in a report on Thursday, July 30th. Santander upgraded Danone to an “outperform” rating in a research note on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a research report on Friday, July 3rd. Finally, Jefferies Financial Group lowered Danone from a “buy” rating to an “underperform” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.