DisplayProductStatusInfoObserver.php

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<?php
namespace Magento\CatalogInventory\Observer;

use Magento\CatalogInventory\Api\StockConfigurationInterface;
use Magento\Framework\Event\Observer as EventObserver;
use Magento\Framework\Event\ObserverInterface;

class DisplayProductStatusInfoObserver implements ObserverInterface
{
    protected $stockConfiguration;

    public function __construct(StockConfigurationInterface $stockConfiguration)
    {
        $this->stockConfiguration = $stockConfiguration;
    }

    public function execute(EventObserver $observer)
    {
        $info = $observer->getEvent()->getStatus();
        $info->setDisplayStatus($this->stockConfiguration->isDisplayProductStockStatus());
    }
}