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

Givaudan SA (OTCMKTS:GVDNY) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 3,000 shares, an increase of 328.6% from the February 28th total of 700 shares. Based on an average trading volume of 33,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded shares of Givaudan from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Givaudan Trading Up 0.7 %

OTCMKTS:GVDNY traded up $0.63 on Friday, reaching $85.87. 20,364 shares of the company’s stock were exchanged, compared to its average volume of 29,192. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.43 and a quick ratio of 0.94. The stock has a fifty day simple moving average of $88.18 and a 200-day simple moving average of $92.32. Givaudan has a 52 week low of $83.36 and a 52 week high of $110.32.

Givaudan Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 25th will be issued a dividend of $1.5503 per share. This is a boost from Givaudan’s previous dividend of $0.97. The ex-dividend date is Tuesday, March 25th.

About Givaudan

Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.