Givaudan SA (OTCMKTS:GVDNY) Short Interest Down 97.9% in July

Givaudan SA (OTCMKTS:GVDNY) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,262 shares, a decrease of 97.9% from the July 15th total of 109,658 shares. Based on an average daily trading volume, of 56,887 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Givaudan Stock Down 1.3%

GVDNY opened at $80.61 on Thursday. Givaudan has a 52 week low of $65.97 and a 52 week high of $90.69. The business has a fifty day simple moving average of $81.74 and a 200-day simple moving average of $76.38. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.74.

Analysts Set New Price Targets

Several equities analysts have recently commented on GVDNY shares. Kepler Capital Markets lowered Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Givaudan in a report on Monday, July 27th. The Goldman Sachs Group raised shares of Givaudan from a “sell” rating to a “buy” rating in a research report on Monday, June 8th. Sanford C. Bernstein initiated coverage on shares of Givaudan in a research note on Wednesday, July 22nd. They set a “strong sell” rating for the company. Finally, Zacks Research upgraded shares of Givaudan from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Givaudan Company Profile

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.