Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 62,811 shares, an increase of 462.4% from the May 31st total of 11,169 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 53,228 shares, the days-to-cover ratio is presently 1.2 days.

Wall Street Analyst Weigh In

A number of research firms recently commented on GVDNY. The Goldman Sachs Group raised Givaudan from a “sell” rating to a “buy” rating in a research note on Monday, June 8th. Berenberg Bank lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, June 9th. Barclays downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Finally, Kepler Capital Markets lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Givaudan Price Performance

Shares of GVDNY stock traded up $0.35 on Friday, hitting $83.88. 1,340 shares of the company’s stock were exchanged, compared to its average volume of 51,447. The company has a 50 day moving average of $74.08 and a 200 day moving average of $75.48. 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 has a 12 month low of $65.97 and a 12 month high of $98.24.

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.