Danone (OTCMKTS:DANOY) Short Interest Update

Key Points

• Danone's short interest surged by 149.8% in September, reaching a total of 674,000 shares as of September 15th.
• As of last trading, Danone's stock price was down 0.6%, trading at $17.27, with a short-interest ratio of 1.3 days.
• Analyst ratings for Danone show mixed sentiments, with two analysts giving it a Buy rating while four have assigned a Hold rating.

Danone (OTCMKTS:DANOY - Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 674,000 shares, an increase of 149.8% from the August 31st total of 269,800 shares. Based on an average daily trading volume, of 510,100 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 510,100 shares, the short-interest ratio is currently 1.3 days.

Danone Stock Down 0.6%

DANOY traded down $0.10 during trading on Friday, reaching $17.27. 51,014 shares of the company were exchanged, compared to its average volume of 559,886. The firm has a 50 day moving average of $16.99 and a 200 day moving average of $16.55. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.78. Danone has a 52 week low of $13.02 and a 52 week high of $17.74.

Analyst Upgrades and Downgrades

DANOY has been the topic of several research analyst reports. Wall Street Zen lowered Danone from a "buy" rating to a "hold" rating in a research note on Friday, August 15th. Jefferies Financial Group raised Danone from an "underperform" rating to a "buy" rating in a research note on Tuesday, September 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Danone in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Danone currently has a consensus rating of "Hold".

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.

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