Givaudan SA (OTCMKTS:GVDNY) Short Interest Down 87.0% in May

Givaudan SA (OTCMKTS:GVDNY) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 11,169 shares, a drop of 87.0% from the May 14th total of 86,247 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 71,025 shares, the days-to-cover ratio is currently 0.2 days.

Givaudan Price Performance

GVDNY stock traded up $0.94 during midday trading on Thursday, reaching $79.65. 22,044 shares of the company’s stock traded hands, compared to its average volume of 32,506. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. Givaudan has a fifty-two week low of $65.97 and a fifty-two week high of $102.85. The business has a 50-day moving average price of $71.94 and a two-hundred day moving average price of $75.65.

Analyst Ratings Changes

A number of brokerages have weighed in on GVDNY. Kepler Capital Markets lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Barclays lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. The Goldman Sachs Group upgraded shares of Givaudan from a “sell” rating to a “buy” rating in a report on Monday. Zacks Research upgraded shares of Givaudan from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Givaudan currently has a consensus rating of “Hold”.

About Givaudan

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.