Givaudan SA (OTCMKTS:GVDNY) Short Interest Down 87.0% in May

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 11,169 shares, a drop of 87.0% from the May 14th total of 86,247 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 71,025 shares, the short-interest ratio is currently 0.2 days.

Givaudan Stock Up 1.2%

Givaudan stock opened at $79.65 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. The business’s 50-day simple moving average is $71.94 and its 200-day simple moving average is $75.65. Givaudan has a 52 week low of $65.97 and a 52 week high of $102.85.

Analysts Set New Price Targets

GVDNY has been the subject of a number of research reports. Kepler Capital Markets cut Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group raised Givaudan from a “sell” rating to a “buy” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft raised Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday. Berenberg Bank cut Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Zacks Research raised Givaudan from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

Givaudan Company Profile

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.