Givaudan SA (OTCMKTS:GVDNY) Shares Shorted: Short Interest Down 53.5% in October

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a significant drop in short interest in October. As of October 30th, there was short interest totaling 9,623 shares, a drop of 53.5% from the October 15th total of 20,678 shares. Based on an average daily volume of 19,589 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on GVDNY shares. Deutsche Bank reissued a “buy” rating on shares of Givaudan in a research note on Thursday, September 3rd. Barclays upgraded Givaudan from an “equal weight” rating to an “overweight” rating in a research note on Monday, October 5th. Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a report on Friday, September 25th. Sanford C. Bernstein assumed coverage on shares of Givaudan in a research report on Wednesday, July 22nd. They set a “strong sell” rating on the stock. Finally, Jefferies Financial Group downgraded shares of Givaudan from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Givaudan has an average rating of “Hold”.

Givaudan Stock Up 0.3%

Shares of OTCMKTS GVDNY traded up $0.31 during mid-day trading on Friday, hitting $98.07. 8,298 shares of the company’s stock traded hands, compared to its average volume of 11,512. The company’s 50-day moving average is $88.39 and its two-hundred day moving average is $79.62. Givaudan has a 1 year low of $65.97 and a 1 year high of $101.10.

Givaudan Company Profile

Givaudan is a Swiss company that develops and manufactures flavors, fragrances and related ingredients for businesses in the food, beverage, beauty and consumer goods industries. Its products are used in applications ranging from fine fragrances and personal care to packaged foods, beverages and oral care. The company operates through its Fragrance & Beauty and Taste & Wellbeing businesses. It works with customers to create scents and taste solutions, and provides ingredients and related services for consumer products and nutrition applications.