Givaudan SA (OTCMKTS:GVDNY) Sees Significant Growth in Short Interest

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 4,834 shares, an increase of 117.7% from the August 15th total of 2,220 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 27,984 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Jefferies Financial Group cut shares of Givaudan from a “buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Sanford C. Bernstein began coverage on shares of Givaudan in a report on Wednesday, July 22nd. They issued a “strong sell” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Givaudan in a research report on Thursday, September 3rd. Zacks Research raised shares of Givaudan from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, The Goldman Sachs Group raised Givaudan from a “sell” rating to a “buy” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Givaudan Stock Up 1.5%

OTCMKTS:GVDNY traded up $1.15 during mid-day trading on Monday, hitting $78.61. 1,456 shares of the company’s stock traded hands, compared to its average volume of 42,388. The company has a fifty day moving average of $81.58 and a 200 day moving average of $76.55. 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 twelve month low of $65.97 and a twelve month high of $90.69.

Givaudan Company Profile

Givaudan SA is a Switzerland-based company that develops and supplies fragrances, flavors and related sensory solutions for consumer products. Its offerings are used in categories including food and beverages, fine fragrances, personal care, household products and health and wellness applications.

The company operates through two primary business areas: Fragrance & Beauty, which provides fragrances, cosmetic ingredients and beauty-related solutions, and Taste & Wellbeing, which develops flavors, taste systems and ingredients for food, beverages and other consumer products.