Short Interest in Danone (OTCMKTS:DANOY) Increases By 260.7%

Danone (OTCMKTS:DANOY) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 527,000 shares, agrowthof260.7% from the July 31st total of 146,100 shares. Based on an average daily trading volume, of 687,800 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 687,800 shares, the days-to-cover ratio is presently 0.8 days.

Danone Trading Up 2.4%

OTCMKTS DANOY opened at $17.16 on Wednesday. The stock’s 50-day moving average price is $16.36 and its two-hundred day moving average price is $16.16. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.77 and a current ratio of 0.93. Danone has a 1 year low of $13.02 and a 1 year high of $17.65.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on DANOY shares. Wall Street Zen lowered Danone from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Morgan Stanley reissued an “overweight” rating on shares of Danone in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

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.