Danone S.A. (OTCMKTS:DANOY) Sees Large Growth in Short Interest

Danone S.A. (OTCMKTS:DANOY – Get Rating) was the recipient of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 478,900 shares, an increase of 40.5% from the February 13th total of 340,800 shares. Based on an average daily volume of 728,200 shares, the short-interest ratio is currently 0.7 days.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DANOY shares. Sanford C. Bernstein downgraded shares of Danone from an “outperform” rating to a “market perform” rating in a research note on Monday, December 5th. Credit Suisse Group downgraded shares of Danone from a “neutral” rating to an “underperform” rating in a research note on Tuesday, December 13th. Societe Generale downgraded shares of Danone from a “buy” rating to a “sell” rating in a research note on Monday, January 9th. Morgan Stanley cut shares of Danone from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 6th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Danone from €70.00 ($75.27) to €65.00 ($69.89) in a research report on Monday, December 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $56.60.

Danone Trading Up 0.0 %

Shares of OTCMKTS DANOY opened at $11.68 on Tuesday. The company has a 50 day simple moving average of $11.06 and a 200 day simple moving average of $10.42. Danone has a 1 year low of $9.05 and a 1 year high of $12.26.

Danone Company Profile

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Danone SA engages in the food processing industry. It operates through the following geographical segments: Europe; North America; China, North Asia & Oceania; and Rest of the World. The company was founded on February 2, 1899 and is headquartered in Paris, France.