Danone S.A. (OTCMKTS:DANOY) Sees Large Increase in Short Interest

Danone S.A. (OTCMKTS:DANOY) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 95,500 shares, a growth of 154.7% from the February 28th total of 37,500 shares. Based on an average daily trading volume, of 2,665,300 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Danone Stock Up 0.7 %

Shares of DANOY traded up $0.11 during midday trading on Thursday, reaching $15.25. 209,383 shares of the company were exchanged, compared to its average volume of 768,016. Danone has a 1-year low of $12.01 and a 1-year high of $15.68. The stock has a 50-day moving average price of $14.41 and a 200-day moving average price of $14.09. The company has a current ratio of 0.91, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Royal Bank of Canada downgraded Danone from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, February 26th. Sanford C. Bernstein raised shares of Danone from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 9th. Jefferies Financial Group cut shares of Danone from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Finally, The Goldman Sachs Group raised shares of Danone to a “hold” rating in a research report on Tuesday, December 17th.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.