Givaudan SA (OTCMKTS:GVDNY) Stock Short Interest Jumps 51.9%

Givaudan SA (OTCMKTS:GVDNY) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 7,344 shares, an increase of 51.9% from the August 31st total of 4,834 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 45,203 shares, the days-to-cover ratio is presently 0.2 days.

Givaudan Stock Down 1.9%

Shares of GVDNY opened at $80.86 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. The firm has a fifty day simple moving average of $80.77 and a two-hundred day simple moving average of $77.05. Givaudan has a 1-year low of $65.97 and a 1-year high of $90.69.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GVDNY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a research note on Thursday, September 3rd. Citigroup restated a “neutral” rating on shares of Givaudan in a report on Friday, September 25th. The Goldman Sachs Group raised Givaudan from a “sell” rating to a “buy” rating in a research report on Monday, June 8th. Jefferies Financial Group downgraded Givaudan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Finally, Sanford C. Bernstein assumed coverage on Givaudan in a report on Wednesday, July 22nd. They issued a “strong sell” rating for the company. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average 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.