Short Interest in Givaudan SA (OTCMKTS:GVDNY) Expands By 90.9%

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,264 shares, a growth of 90.9% from the December 15th total of 662 shares. Based on an average trading volume of 124,186 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 124,186 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Barclays upgraded 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 research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Givaudan Trading Down 1.0%

Shares of OTCMKTS:GVDNY traded down $0.82 during trading hours on Thursday, hitting $79.97. 104,019 shares of the company’s stock traded hands, compared to its average volume of 100,804. The business has a fifty day moving average price of $81.11 and a 200-day moving average price of $84.75. Givaudan has a 1 year low of $76.48 and a 1 year 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.

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.