Givaudan SA (OTCMKTS:GVDNY) Short Interest Down 62.8% in January

Givaudan SA (OTCMKTS:GVDNY) saw a significant decrease in short interest in January. As of January 15th, there was short interest totaling 470 shares, a decrease of 62.8% from the December 31st total of 1,264 shares. Based on an average daily trading volume, of 203,287 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 203,287 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GVDNY shares. Barclays raised shares of Givaudan from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 13th. Deutsche Bank Aktiengesellschaft upgraded shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, Jefferies Financial Group upgraded Givaudan from a “hold” rating to a “buy” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Givaudan presently has an average rating of “Strong Buy”.

Givaudan Price Performance

Shares of GVDNY opened at $82.03 on Wednesday. Givaudan has a 52 week low of $76.48 and a 52 week high of $103.39. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average price is $80.34 and its 200 day moving average price is $83.60.

About Givaudan

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.