Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a significant increase in short interest during 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 trading volume of 59,585 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.0% of the company’s shares are short sold.

Givaudan Stock Performance

GVDNY traded up $0.33 during mid-day trading on Wednesday, hitting $83.74. The stock had a trading volume of 3,220 shares, compared to its average volume of 49,214. The stock’s fifty day simple moving average is $77.44 and its 200-day simple moving average is $76.02. Givaudan has a 1-year low of $65.97 and a 1-year high of $96.36. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92.

Wall Street Analyst Weigh In

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

Givaudan Company Profile

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.