Short Interest in Givaudan SA (OTCMKTS:GVDNY) Increases By 462.4%

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 62,811 shares, a growth of 462.4% from the May 31st total of 11,169 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 53,228 shares, the short-interest ratio is currently 1.2 days.

Analysts Set New Price Targets

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

Givaudan Stock Performance

Shares of OTCMKTS GVDNY traded down $0.02 during mid-day trading on Friday, reaching $83.50. The company’s stock had a trading volume of 39,001 shares, compared to its average volume of 26,216. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.74. Givaudan has a 52 week low of $65.97 and a 52 week high of $98.24. The stock has a fifty day moving average of $74.28 and a two-hundred day moving average of $75.54.

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.