Short Interest in Danone (OTCMKTS:DANOY) Rises By 1,853.6%

Danone (OTCMKTS:DANOY) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 120,225 shares, an increase of 1,853.6% from the August 15th total of 6,154 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,090,758 shares, the days-to-cover ratio is currently 0.1 days.

Danone Stock Performance

DANOY stock traded down $0.08 during mid-day trading on Friday, hitting $14.19. The stock had a trading volume of 418,028 shares, compared to its average volume of 513,109. 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 52 week low of $14.19 and a 52 week high of $18.63. The firm has a fifty day simple moving average of $15.65 and a 200 day simple moving average of $15.64.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DANOY. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research report on Friday, July 3rd. Santander upgraded shares of Danone to an “outperform” rating in a research report on Wednesday, June 10th. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research note on Thursday, July 30th. Finally, Jefferies Financial Group downgraded Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

About Danone

Danone is a France-based multinational food and beverage company focused on health-oriented products. Its principal business activities include essential dairy and plant-based products, waters, and specialized nutrition for infants, children and adults.

The company markets a broad portfolio of brands, including Activia, Actimel, Oikos, evian, Volvic, Aptamil and Nutricia. Its specialized nutrition operations provide infant formula, medical nutrition and other products designed to support specific dietary and health needs.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.