Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Givaudan SA (OTCMKTS:GVDNY) was the target of a significant 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 trading volume of 61,363 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 61,363 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

Givaudan Stock Down 2.2%

Shares of GVDNY stock traded down $1.64 during trading on Tuesday, hitting $72.40. 76,341 shares of the company were exchanged, compared to its average volume of 64,194. The business’s 50-day simple moving average is $78.85 and its 200 day simple moving average is $81.77. Givaudan has a twelve month low of $72.14 and a twelve month high of $103.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.74.

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.