Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Givaudan SA (OTCMKTS:GVDNY) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 62,811 shares, a growth of 462.4% from the May 31st total of 11,169 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 53,228 shares, the short-interest ratio is presently 1.2 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Givaudan from a “hold” rating to a “buy” rating in a report on Tuesday, June 9th. The Goldman Sachs Group upgraded Givaudan from a “sell” rating to a “buy” rating in a report on Monday, June 8th. Zacks Research raised Givaudan from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Kepler Capital Markets lowered Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Finally, Barclays cut Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Givaudan Stock Performance

Shares of GVDNY traded up $0.35 during mid-day trading on Friday, hitting $83.88. 1,340 shares of the company’s stock were exchanged, compared to its average volume of 51,447. Givaudan has a 52 week low of $65.97 and a 52 week high of $98.24. The stock’s 50-day simple moving average is $74.08 and its 200-day simple moving average is $75.48. The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92.

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.