Short Interest in Givaudan SA (OTCMKTS:GVDNY) Declines By 92.7%

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a large decrease in short interest in February. As of February 27th, there was short interest totaling 233 shares, a decrease of 92.7% from the February 12th total of 3,206 shares. Based on an average daily trading volume, of 61,363 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 61,363 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Several research firms recently commented on GVDNY. The Goldman Sachs Group downgraded shares of Givaudan from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a report on Friday, January 30th. Barclays upgraded shares of Givaudan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. 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 given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Givaudan presently has a consensus rating of “Moderate Buy”.

Givaudan Price Performance

GVDNY stock traded down $1.01 during midday trading on Thursday, reaching $71.39. The company had a trading volume of 1,876 shares, compared to its average volume of 63,562. Givaudan has a 1-year low of $69.96 and a 1-year high of $103.39. The stock has a 50 day moving average price of $78.55 and a 200-day moving average price of $81.60. 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 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.