Short Interest in Givaudan SA (OTCMKTS:GVDNY) Expands By 117.7%

Givaudan SA (OTCMKTS:GVDNY) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 4,834 shares, an increase of 117.7% from the August 15th total of 2,220 shares. Based on an average daily trading volume, of 27,984 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several brokerages recently commented on GVDNY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a research report on Thursday, September 3rd. Zacks Research raised Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group cut Givaudan from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st. Sanford C. Bernstein initiated coverage on shares of Givaudan in a research note on Wednesday, July 22nd. They set a “strong sell” rating for the company. Finally, The Goldman Sachs Group raised Givaudan from a “sell” rating to a “buy” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Givaudan Stock Performance

Shares of OTCMKTS:GVDNY opened at $78.26 on Tuesday. The firm has a fifty day moving average price of $81.43 and a 200 day moving average price of $76.53. Givaudan has a 1-year low of $65.97 and a 1-year high of $90.69. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92.

About Givaudan

Givaudan SA is a Switzerland-based company that develops and supplies fragrances, flavors and related sensory solutions for consumer products. Its offerings are used in categories including food and beverages, fine fragrances, personal care, household products and health and wellness applications.

The company operates through two primary business areas: Fragrance & Beauty, which provides fragrances, cosmetic ingredients and beauty-related solutions, and Taste & Wellbeing, which develops flavors, taste systems and ingredients for food, beverages and other consumer products.