Danone S.A. (OTCMKTS:DANOY) Short Interest Down 71.2% in April

Danone S.A. (OTCMKTS:DANOYGet Rating) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 29,700 shares, a decline of 71.2% from the March 31st total of 103,200 shares. Based on an average daily volume of 940,500 shares, the days-to-cover ratio is presently 0.0 days.

Shares of DANOY traded up $0.01 on Friday, hitting $12.06. The company’s stock had a trading volume of 258,184 shares, compared to its average volume of 435,397. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.91. The firm’s fifty day moving average price is $11.56 and its 200-day moving average price is $12.28. Danone has a fifty-two week low of $10.21 and a fifty-two week high of $15.38.

The firm also recently disclosed a dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 9th will be given a $0.3279 dividend. The ex-dividend date is Friday, May 6th. This represents a dividend yield of 2.72%.

Several analysts have weighed in on the company. Sanford C. Bernstein cut Danone from an “outperform” rating to a “market perform” rating in a report on Thursday, April 21st. Royal Bank of Canada boosted their price objective on Danone from €49.00 ($52.69) to €51.00 ($54.84) and gave the stock a “sector perform” rating in a report on Thursday, April 21st. Zacks Investment Research raised Danone from a “sell” rating to a “hold” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Danone from €58.00 ($62.37) to €60.00 ($64.52) and gave the company a “hold” rating in a research note on Thursday, April 21st. Finally, Societe Generale raised Danone from a “sell” rating to a “buy” rating in a research note on Wednesday, March 9th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.60.

About Danone (Get Rating)

Danone SA operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, as well as under the licensed brands, including International Delight, Dunkin' Donuts, and Bailey's.

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