Short Interest in Danone (OTCMKTS:DANOY) Drops By 48.8%

Key Points

• Short interest in Danone has decreased by 48.8%, dropping from 527,000 shares to 269,800 shares as of August 31, reflecting a minimal percentage of shares sold short at 0.0%.
• Danone's stock price is currently at $17.55, with a trading volume of 162,255 shares on the last trading day.
• Analysts' ratings for Danone are mixed, with one Buy rating, four Hold ratings, and one Sell rating, resulting in an average rating of "Hold."

Danone (OTCMKTS:DANOY - Get Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 269,800 shares, a decline of 48.8% from the August 15th total of 527,000 shares. Approximately 0.0% of the company's shares are sold short. Based on an average trading volume of 345,500 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 345,500 shares, the short-interest ratio is presently 0.8 days. Approximately 0.0% of the company's shares are sold short.

Danone Price Performance

Shares of DANOY traded down $0.09 during trading hours on Friday, hitting $17.55. The company had a trading volume of 162,255 shares, compared to its average volume of 212,061. The firm has a fifty day moving average price of $16.56 and a 200-day moving average price of $16.35. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.93 and a quick ratio of 0.77. Danone has a 52-week low of $13.02 and a 52-week high of $17.74.

Analyst Ratings Changes

Several analysts recently weighed in on DANOY shares. Morgan Stanley reiterated an "overweight" rating on shares of Danone in a report on Monday, August 4th. Wall Street Zen lowered Danone from a "buy" rating to a "hold" rating in a research report on Friday, August 15th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Danone has an average 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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