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 February. As of February 28th, there was short interest totalling 37,500 shares, a growth of 240.9% from the February 13th total of 11,000 shares. Based on an average trading volume of 1,260,600 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Danone Stock Down 1.5 %

OTCMKTS DANOY traded down $0.23 on Thursday, hitting $15.32. 308,345 shares of the company’s stock were exchanged, compared to its average volume of 783,105. The firm’s 50-day moving average price is $13.98 and its two-hundred day moving average price is $13.99. 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 fifty-two week low of $12.01 and a fifty-two week high of $15.68.

Analysts Set New Price Targets

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

Danone Company Profile

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.