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

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 233 shares, a drop of 92.7% from the February 12th total of 3,206 shares. Based on an average daily volume of 61,363 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 61,363 shares, the days-to-cover ratio is currently 0.0 days.

Givaudan Trading Down 2.2%

Shares of OTCMKTS GVDNY traded down $1.64 during mid-day trading on Tuesday, reaching $72.40. The company had a trading volume of 76,341 shares, compared to its average volume of 64,194. The company has a 50-day moving average price of $78.85 and a two-hundred day moving average price of $81.77. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.74. Givaudan has a 1-year low of $72.14 and a 1-year high of $103.39.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GVDNY. Jefferies Financial Group upgraded Givaudan from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. Barclays raised Givaudan from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Givaudan in a report on Friday, January 30th. Citigroup restated a “neutral” rating on shares of Givaudan in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group cut shares of Givaudan from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.