Short Interest in Danone (OTCMKTS:DANOY) Decreases By 37.8%

Danone (OTCMKTS:DANOY) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 431,583 shares, a decline of 37.8% from the July 15th total of 694,211 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 828,995 shares, the short-interest ratio is currently 0.5 days.

Danone Trading Up 0.9%

Shares of OTCMKTS:DANOY traded up $0.14 during trading on Tuesday, reaching $15.12. The stock had a trading volume of 489,561 shares, compared to its average volume of 592,355. The company has a current ratio of 0.90, a quick ratio of 0.75 and a debt-to-equity ratio of 0.58. The firm’s fifty day moving average is $15.96 and its 200 day moving average is $15.86. Danone has a 52 week low of $14.19 and a 52 week high of $18.63.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Santander raised Danone to an “outperform” rating in a research note on Wednesday, June 10th. Morgan Stanley reissued an “overweight” rating on shares of Danone in a report on Thursday, July 30th. Jefferies Financial Group cut Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Danone in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Danone has an average rating of “Hold”.

About Danone

Danone is a French multinational food-products company headquartered in Paris, with roots dating to 1919 when it was founded by Isaac Carasso. The company positions itself around nutrition and health-oriented food and beverage products, and it combines global brand management, manufacturing and distribution to serve a broad consumer base. Danone’s long history has been characterized by expansion beyond its original yogurt business into bottled water, infant and medical nutrition, and plant-based alternatives.

Danone’s principal activities include the development, production and marketing of dairy and plant-based products, bottled waters, and specialized nutrition for infants and medical patients.