Danone S.A. (OTCMKTS:DANOY) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 141,000 shares, a drop of 67.3% from the August 15th total of 431,700 shares. Based on an average trading volume of 696,800 shares, the short-interest ratio is currently 0.2 days.
Danone stock traded down $0.01 during mid-day trading on Friday, hitting $14.03. The company’s stock had a trading volume of 234,357 shares, compared to its average volume of 506,846. The business has a 50 day moving average price of $14.43 and a 200-day moving average price of $14.22. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.03 and a quick ratio of 0.85. Danone has a 12 month low of $10.71 and a 12 month high of $15.38. The stock has a market cap of $48.17 billion, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 5.11 and a beta of 0.75.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Danone from a “sell” rating to a “hold” rating in a research report on Wednesday, August 11th. Berenberg Bank cut shares of Danone from a “hold” rating to a “sell” rating in a research note on Wednesday, May 26th. Oddo Bhf upgraded shares of Danone from a “neutral” rating to an “outperform” rating in a research report on Thursday, May 20th. Bank of America lowered Danone from a “neutral” rating to an “underperform” rating in a research note on Tuesday, September 7th. Finally, JPMorgan Chase & Co. raised Danone from a “neutral” rating to an “overweight” rating in a report on Monday, June 28th. Nine equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.00.
Danone SA engages in the food processing industry. It operates through the following divisions: Fresh Dairy Products, Waters, Early Life Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products.
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