Danone S.A. (OTCMKTS:DANOY) Short Interest Up 89.5% in March

Danone S.A. (OTCMKTS:DANOY) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 181,000 shares, an increase of 89.5% from the March 15th total of 95,500 shares. Based on an average daily volume of 1,321,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Danone Price Performance

Shares of DANOY traded up $0.22 during trading hours on Thursday, hitting $16.65. The company had a trading volume of 243,912 shares, compared to its average volume of 760,807. Danone has a 52-week low of $12.01 and a 52-week high of $16.74. The firm has a fifty day moving average price of $15.10 and a 200-day moving average price of $14.23. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.91 and a quick ratio of 0.74.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DANOY shares. Sanford C. Bernstein upgraded shares of Danone from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th. Jefferies Financial Group cut shares of Danone from a “hold” rating to an “underperform” rating in a report on Wednesday, January 8th. Citigroup upgraded shares of Danone to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada downgraded Danone from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell 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.