Danone (OTCMKTS:DANOY) Stock Short Interest Declines 90.1%

Danone (OTCMKTS:DANOY) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 11,869 shares, a decline of 90.1% from the August 31st total of 120,225 shares. Based on an average daily trading volume, of 908,787 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

DANOY has been the subject of several recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Financial Group cut shares of Danone from a “buy” rating to an “underperform” rating in a report on Tuesday, July 21st. Finally, Santander upgraded shares of Danone to an “outperform” rating in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Danone presently has an average rating of “Hold”.

Danone Price Performance

Shares of DANOY traded up $0.04 during trading hours on Friday, reaching $13.64. The stock had a trading volume of 1,307,712 shares, compared to its average volume of 465,865. Danone has a 12 month low of $13.49 and a 12 month high of $18.63. The company has a quick ratio of 0.75, a current ratio of 0.90 and a debt-to-equity ratio of 0.58. The company’s 50-day moving average is $15.10 and its two-hundred day moving average is $15.44.

Danone Company Profile

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.