Short Interest in Givaudan SA (OTCMKTS:GVDNY) Increases By 117.7%

Givaudan SA (OTCMKTS:GVDNY) was the target of a significant increase in short interest in 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. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 27,984 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

GVDNY has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a report on Thursday, September 3rd. The Goldman Sachs Group raised shares of Givaudan from a “sell” rating to a “buy” rating in a research note on Monday, June 8th. Jefferies Financial Group cut shares of Givaudan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Sanford C. Bernstein began coverage on shares of Givaudan in a report on Wednesday, July 22nd. They issued a “strong sell” rating on the stock. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Givaudan Trading Up 0.3%

Givaudan stock opened at $78.51 on Wednesday. Givaudan has a one year low of $65.97 and a one year high of $90.69. The business has a fifty day moving average of $81.26 and a two-hundred day moving average of $76.53. 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 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.