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

Danone S.A. (OTCMKTS:DANOY) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 181,000 shares, a growth of 89.5% from the March 15th total of 95,500 shares. Based on an average daily trading volume, of 1,321,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Citigroup raised Danone to a “hold” rating in a report on Monday. Jefferies Financial Group cut Danone from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein upgraded Danone from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 9th. Finally, Royal Bank of Canada cut shares of Danone from a “moderate buy” rating to a “hold” rating in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, Danone has an average rating of “Hold”.

Danone Price Performance

Shares of Danone stock traded up $0.22 during trading on Thursday, reaching $16.65. 243,912 shares of the stock were exchanged, compared to its average volume of 760,807. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. Danone has a 1 year low of $12.01 and a 1 year high of $16.74. The stock’s fifty day moving average is $15.10 and its 200 day moving average is $14.23.

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.