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

Givaudan SA (OTCMKTS:GVDNY) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 700 shares, an increase of 16.7% from the February 13th total of 600 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Givaudan from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Givaudan Price Performance

Shares of OTCMKTS:GVDNY traded up $0.35 during mid-day trading on Wednesday, reaching $90.53. The stock had a trading volume of 150,457 shares, compared to its average volume of 31,423. The firm has a 50 day simple moving average of $87.78 and a two-hundred day simple moving average of $92.93. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 1.43. Givaudan has a twelve month low of $83.36 and a twelve month high of $110.32.

Givaudan Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 25th will be issued a $1.5503 dividend. This is a positive change from Givaudan’s previous dividend of $0.97. The ex-dividend date of this dividend is Tuesday, March 25th.

About Givaudan

Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.