Danone (OTCMKTS:DANOY) Sees Significant Increase in Short Interest

Danone (OTCMKTS:DANOY) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 83,419 shares, a growth of 340.7% from the May 31st total of 18,927 shares. Based on an average trading volume of 875,460 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DANOY shares. Santander upgraded Danone to an “outperform” rating in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a “sell” rating on shares of Danone in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Danone Price Performance

Shares of DANOY opened at $16.46 on Monday. The firm has a 50-day simple moving average of $15.12 and a two-hundred day simple moving average of $16.22. Danone has a 1-year low of $14.19 and a 1-year high of $18.63. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.