Danone (OTCMKTS:DANOY) Short Interest Up 260.7% in August

Key Points

• Short interest for Danone (OTCMKTS:DANOY) surged by 260.7% in August, rising to 527,000 shares from 146,100 shares in July.
• Analysts have a mixed outlook on Danone, with one analyst maintaining a "Buy" rating while four suggest a "Hold," as the company recently saw a downgrade from "buy" to "hold" by Wall Street Zen.
• As of August 15th, Danone's stock price was $17.16, with a 50-day moving average of $16.36 and a 200-day average at $16.16.

Danone (OTCMKTS:DANOY - Get Free Report) saw a large increase in short interest in August. As of August 15th, there was short interest totaling 527,000 shares, anincreaseof260.7% from the July 31st total of 146,100 shares. Based on an average trading volume of 687,800 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 687,800 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

DANOY has been the topic of several recent research reports. Morgan Stanley reissued 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 analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold".

Danone Stock Performance

Shares of OTCMKTS:DANOY traded up $0.08 during trading on Friday, hitting $17.65. 408,429 shares of the company were exchanged, compared to its average volume of 213,767. The stock has a 50 day moving average of $16.44 and a 200 day moving average of $16.24. Danone has a 52-week low of $13.02 and a 52-week 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.

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.