Danone (OTCMKTS:DANOY – Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 13,521 shares, a decline of 71.4% from the September 30th total of 47,347 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,249,306 shares, the short-interest ratio is currently 0.0 days.
Danone Stock Performance
OTCMKTS:DANOY opened at $13.74 on Wednesday. The company’s 50-day moving average is $14.07 and its two-hundred day moving average is $15.49. Danone has a 12-month low of $12.83 and a 12-month high of $18.63.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on DANOY shares. Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Jefferies Financial Group downgraded shares of Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.
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About Danone
Danone is a France-based multinational food and beverage company that develops and markets products in three principal categories: essential dairy and plant-based products, waters, and specialized nutrition. Its portfolio includes fermented dairy products, plant-based foods and beverages, bottled water, infant nutrition, and medical nutrition products.
The company’s brands include Activia, Actimel, Alpro, evian, Volvic, Aptamil, Nutricia, and Fortimel, among others. Danone sells its products through retail, foodservice, healthcare, and specialized nutrition channels, serving consumers and patients in markets across Europe, North America, Latin America, Asia, Africa, and other regions.
Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona, Spain.
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