Danone (OTCMKTS:DANOY) Stock Short Interest Report for September

Danone (OTCMKTS:DANOY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 47,347 shares, a growth of 298.9% from the September 15th total of 11,869 shares. Based on an average daily trading volume, of 1,361,412 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Danone Stock Performance

Danone stock traded down $0.19 during midday trading on Friday, reaching $13.15. The stock had a trading volume of 423,989 shares, compared to its average volume of 724,419. Danone has a 52-week low of $12.83 and a 52-week high of $18.63. The company has a fifty day moving average of $14.52 and a 200 day moving average of $15.23.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group downgraded Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Danone from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Danone Company Profile

Danone is a global food and beverage company headquartered in Paris, France. Its portfolio focuses on health-oriented products across three principal categories: Essential Dairy and Plant-Based products, Waters, and Specialized Nutrition.

The company offers yogurt, fermented dairy products, plant-based beverages and foods, bottled water, infant formula, medical nutrition products, and specialized nutrition products for adults. Its brands include Activia, Actimel, Alpro, evian, Volvic, Oikos, and Aptamil, although product availability varies by market.

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