Danone S.A. (OTCMKTS:DANOY) Short Interest Update

Danone S.A. (OTCMKTS:DANOY) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 92,700 shares, a decline of 24.3% from the April 30th total of 122,400 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 1,236,400 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Royal Bank of Canada cut shares of Danone from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Citigroup reiterated a “neutral” rating on shares of Danone in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold”.

Danone Stock Performance

Danone stock opened at $17.00 on Wednesday. Danone has a 52-week low of $12.16 and a 52-week high of $17.65. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. The firm has a 50 day moving average price of $16.50 and a two-hundred day moving average price of $14.87.

Danone Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 5th will be paid a dividend of $0.3675 per share. This represents a yield of 2.16%. The ex-dividend date is Friday, May 2nd.

About Danone

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.