Short Interest in Givaudan SA (OTCMKTS:GVDNY) Increases By 127.6%

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

Analyst Ratings Changes

GVDNY has been the subject of a number of recent analyst reports. Barclays downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Berenberg Bank downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Zacks Research downgraded shares of Givaudan from a “hold” rating to a “strong sell” rating in a research report on Friday, March 27th. The Goldman Sachs Group downgraded shares of Givaudan from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Givaudan currently has a consensus rating of “Hold”.

Givaudan Price Performance

GVDNY stock traded down $0.12 during midday trading on Friday, hitting $68.40. The stock had a trading volume of 12,375 shares, compared to its average volume of 57,798. Givaudan has a 12-month low of $65.97 and a 12-month high of $103.39. The company’s 50-day moving average price is $70.66 and its 200 day moving average price is $77.08. 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.