Short Interest in Givaudan SA (OTCMKTS:GVDNY) Grows By 462.4%

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 62,811 shares, a growth of 462.4% from the May 31st total of 11,169 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 53,228 shares, the short-interest ratio is currently 1.2 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, June 9th. Zacks Research upgraded Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Kepler Capital Markets cut Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Barclays downgraded Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Finally, Berenberg Bank lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Givaudan Stock Down 0.0%

Givaudan stock traded down $0.02 during mid-day trading on Friday, reaching $83.50. 39,001 shares of the company were exchanged, compared to its average volume of 26,216. The firm’s 50-day simple moving average is $74.28 and its two-hundred day simple moving average is $75.54. Givaudan has a twelve month low of $65.97 and a twelve month high of $98.24. The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92.

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.