Givaudan SA (OTCMKTS:GVDNY) Sees Significant Increase in Short Interest

Givaudan SA (OTCMKTS:GVDNY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 4,834 shares, a growth of 117.7% from the August 15th total of 2,220 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 27,984 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

GVDNY has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on shares of Givaudan in a research report on Wednesday, July 22nd. They set a “strong sell” rating on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Givaudan in a research note on Thursday, September 3rd. Zacks Research upgraded shares of Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group cut shares of Givaudan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, The Goldman Sachs Group raised shares of Givaudan from a “sell” rating to a “buy” rating in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Givaudan presently has an average rating of “Hold”.

Givaudan Price Performance

OTCMKTS:GVDNY traded up $1.15 during trading hours on Monday, reaching $78.61. 1,456 shares of the company traded hands, compared to its average volume of 42,388. The firm’s 50-day moving average is $81.58 and its 200-day moving average is $76.55. Givaudan has a 1-year low of $65.97 and a 1-year high of $90.69. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13.

Givaudan Company Profile

Givaudan SA is a Switzerland-based company that develops and supplies fragrances, flavors and related sensory solutions for consumer products. Its offerings are used in categories including food and beverages, fine fragrances, personal care, household products and health and wellness applications.

The company operates through two primary business areas: Fragrance & Beauty, which provides fragrances, cosmetic ingredients and beauty-related solutions, and Taste & Wellbeing, which develops flavors, taste systems and ingredients for food, beverages and other consumer products.