Danone (OTCMKTS:DANOY) Stock Short Interest Jumps 410.1%

Danone (OTCMKTS:DANOY) saw a significant growth in short interest in October. As of October 30th, there was short interest totaling 68,964 shares, a growth of 410.1% from the October 15th total of 13,521 shares. Based on an average trading volume of 821,329 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Danone Price Performance

Danone stock opened at $15.34 on Wednesday. Danone has a fifty-two week low of $12.83 and a fifty-two week high of $18.63. The stock’s 50 day simple moving average is $14.01 and its two-hundred day simple moving average is $15.36. The company has a quick ratio of 0.81, a current ratio of 0.97 and a debt-to-equity ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DANOY. Morgan Stanley reiterated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft upgraded Danone from a “sell” rating to a “hold” rating in a report on Tuesday, September 22nd. Zacks Research lowered shares of Danone from a “hold” rating to a “strong sell” rating in a report on Thursday, October 29th. Finally, Jefferies Financial Group raised shares of Danone from a “moderate sell” rating to a “hold” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Danone presently has an average rating of “Moderate Buy”.

About Danone

Danone is a France-based food and beverage company focused on dairy and plant-based products, bottled water, and specialized nutrition. Its portfolio includes products for everyday consumption as well as nutrition for infants and people with specific dietary needs. The company sells brands including Activia, Actimel, Alpro, Evian, Volvic, Aptamil, and Nutricia. Its products are distributed across markets worldwide. Danone traces its origins to 1919, when Isaac Carasso began making yogurt in Barcelona.