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

Danone (OTCMKTS:DANOY) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 11,869 shares, a drop of 90.1% from the August 31st total of 120,225 shares. Based on an average trading volume of 908,787 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

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

Danone Price Performance

OTCMKTS DANOY traded down $0.03 during trading hours on Friday, hitting $13.57. 285,590 shares of the company were exchanged, compared to its average volume of 576,232. The company has a 50 day moving average of $15.16 and a two-hundred day moving average of $15.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.90 and a quick ratio of 0.75. Danone has a 52-week low of $13.49 and a 52-week high of $18.63.

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.