Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Givaudan SA (OTCMKTS:GVDNY) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 138,607 shares, an increase of 120.7% from the June 15th total of 62,811 shares. Based on an average daily volume of 59,585 shares, the short-interest ratio is presently 2.3 days. Currently, 0.0% of the shares of the stock are sold short.

Givaudan Trading Up 0.4%

GVDNY stock traded up $0.33 during midday trading on Wednesday, reaching $83.74. The stock had a trading volume of 3,220 shares, compared to its average volume of 49,214. The business has a fifty day simple moving average of $77.44 and a two-hundred day simple moving average of $76.02. 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 twelve month low of $65.97 and a twelve month high of $96.36.

Analyst Ratings Changes

GVDNY has been the subject of a number of research reports. Berenberg Bank lowered Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Kepler Capital Markets lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Givaudan from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, June 9th. Finally, Barclays cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Givaudan has an average rating of “Hold”.

About Givaudan

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.