Givaudan SA (OTCMKTS:GVDNY) Short Interest Up 127.6% in April

Givaudan SA (OTCMKTS:GVDNY) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 20,356 shares, a growth of 127.6% from the April 15th total of 8,943 shares. Based on an average trading volume of 57,085 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Givaudan Price Performance

OTCMKTS:GVDNY traded down $0.17 during trading hours on Friday, hitting $68.35. 35,291 shares of the company were exchanged, compared to its average volume of 32,357. The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92. Givaudan has a one year low of $65.97 and a one year high of $103.39. The company has a fifty day simple moving average of $70.53 and a 200 day simple moving average of $77.02.

Analysts Set New Price Targets

GVDNY has been the subject of a number of research reports. The Goldman Sachs Group cut Givaudan from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Barclays cut Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Kepler Capital Markets lowered Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a research report on Friday, January 30th. Finally, Berenberg Bank lowered Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.