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

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

Danone Stock Performance

Shares of OTCMKTS:DANOY traded down $0.35 during midday trading on Thursday, hitting $14.27. The stock had a trading volume of 468,235 shares, compared to its average volume of 578,081. The company’s 50-day moving average price is $15.70 and its 200-day moving average price is $15.65. Danone has a fifty-two week low of $14.19 and a fifty-two week high of $18.63. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75.

Analysts Set New Price Targets

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