Givaudan SA (OTCMKTS:SXYAY) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 18,100 shares, a decrease of 30.9% from the September 15th total of 26,200 shares. Based on an average daily trading volume, of 45,800 shares, the short-interest ratio is presently 0.4 days.
Several research firms have issued reports on SXYAY. Morgan Stanley upgraded Givaudan from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, October 7th. Goldman Sachs Group restated a “buy” rating on shares of Givaudan in a research note on Thursday. HSBC lowered Givaudan from a “buy” rating to a “hold” rating in a research note on Monday, July 27th. Berenberg Bank reiterated a “buy” rating on shares of Givaudan in a research note on Tuesday, August 4th. Finally, Barclays reiterated an “overweight” rating on shares of Givaudan in a research note on Friday, October 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy”.
OTCMKTS:SXYAY traded up $0.03 during trading hours on Friday, reaching $25.53. 40,605 shares of the company were exchanged, compared to its average volume of 123,195. Givaudan has a 1-year low of $13.15 and a 1-year high of $26.38. The firm has a 50 day moving average of $24.39.
Givaudan Company Profile
Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company offers tile adhesives and tile grouts, and systems for under-tile waterproofing and sound reduction, as well as products for exterior and interior walls, such as wall-levelling products, decorative finish renders, and facade external insulation finish systems; and develops and markets various admixtures and additives for use in concrete, cement, and mortar production, as well as single-ply and built-up flat roofing systems.
Read More: What are no-load funds?
Receive News & Ratings for Givaudan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Givaudan and related companies with MarketBeat.com's FREE daily email newsletter.