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 drop in short interest in the month of August. As of August 31st, there was short interest totaling 269,800 shares, a drop of 48.8% from the August 15th total of 527,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 345,500 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 345,500 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.0% of the shares of the stock are sold short.

Danone Stock Performance

Shares of DANOY traded up $0.06 during midday trading on Friday, hitting $17.44. The stock had a trading volume of 176,228 shares, compared to its average volume of 220,489. Danone has a 1 year low of $13.02 and a 1 year high of $17.74. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 0.56. The stock's 50 day moving average is $16.69 and its 200 day moving average is $16.42.

Wall Street Analysts Forecast Growth

DANOY has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Danone from a "buy" rating to a "hold" rating in a report on Friday, August 15th. Morgan Stanley reissued an "overweight" rating on shares of Danone in a report on Monday, August 4th. Finally, Jefferies Financial Group raised shares of Danone from an "underperform" rating to a "buy" rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold".

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.