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 September. As of September 30th, there was short interest totaling 30,740 shares, an increase of 318.6% from the September 15th total of 7,344 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 44,949 shares, the short-interest ratio is currently 0.7 days.

Givaudan Trading Up 0.3%

Shares of GVDNY stock opened at $83.35 on Tuesday. The stock has a 50 day moving average of $81.14 and a two-hundred day moving average of $77.75. Givaudan has a 12 month low of $65.97 and a 12 month high of $90.69.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on GVDNY. Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a research report on Friday, September 25th. Sanford C. Bernstein initiated coverage on shares of Givaudan in a report on Wednesday, July 22nd. They issued a “strong sell” rating for the company. Barclays upgraded shares of Givaudan from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 5th. Jefferies Financial Group downgraded shares of Givaudan from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a research report on Thursday, September 3rd. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Givaudan Company Profile

Givaudan SA is a Swiss company that develops and manufactures flavors, fragrances and related ingredients for consumer products. Its solutions are used in a wide range of applications, including food and beverages, fine fragrances, personal care products, household goods and oral care.

The company operates through flavor and fragrance activities, combining natural and synthetic ingredients with research, product development and sensory expertise. Givaudan also provides taste, scent and cosmetic solutions designed to support product performance, consumer preferences and brand identity.

Givaudan traces its origins to the late 18th century and has grown into an international business serving customers in markets around the world.