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

Danone S.A. (OTCMKTS:DANOY) was the recipient of a significant increase in short interest in the month of 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 trading volume of 1,321,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Danone Stock Performance

Shares of Danone stock traded up $0.10 during trading on Friday, hitting $16.75. 166,344 shares of the stock traded hands, compared to its average volume of 752,614. The stock’s fifty day simple moving average is $15.16 and its 200 day simple moving average is $14.25. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. Danone has a 52-week low of $12.01 and a 52-week high of $16.83.

Analyst Ratings Changes

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