Givaudan SA (OTCMKTS:GVDNY) Sees Significant Decrease in Short Interest

Givaudan SA (OTCMKTS:GVDNY) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,262 shares, a decrease of 97.9% from the July 15th total of 109,658 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 56,887 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities analysts have recently commented on GVDNY shares. Zacks Research upgraded Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Givaudan in a research note on Monday, July 27th. Sanford C. Bernstein began coverage on Givaudan in a research report on Wednesday, July 22nd. They issued a “strong sell” rating on the stock. Kepler Capital Markets lowered Givaudan from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group raised Givaudan from a “sell” rating to a “buy” rating in a research report on Monday, June 8th. 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 data from MarketBeat, the company currently has an average rating of “Hold”.

Givaudan Price Performance

Shares of OTCMKTS GVDNY traded down $1.50 during trading hours on Tuesday, reaching $81.67. The stock had a trading volume of 9,956 shares, compared to its average volume of 24,389. Givaudan has a twelve month low of $65.97 and a twelve month high of $90.69. The business’s fifty day moving average is $81.54 and its two-hundred day moving average is $76.37. 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 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.