Givaudan SA (OTCMKTS:GVDNY) Shares Shorted: Short Interest Up 318.6% in September

Givaudan SA (OTCMKTS:GVDNY) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 30,740 shares, a growth of 318.6% from the September 15th total of 7,344 shares. Based on an average daily volume of 44,949 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GVDNY shares. Barclays upgraded Givaudan from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 5th. Jefferies Financial Group cut Givaudan from a “buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Citigroup reissued a “neutral” rating on shares of Givaudan in a report on Friday, September 25th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Givaudan in a research note on Thursday, September 3rd. Finally, Sanford C. Bernstein assumed coverage on shares of Givaudan in a report on Wednesday, July 22nd. They set a “strong sell” rating for the company. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Givaudan currently has an average rating of “Hold”.

Givaudan Stock Up 0.8%

GVDNY traded up $0.65 during midday trading on Friday, reaching $83.10. 23,608 shares of the company’s stock were exchanged, compared to its average volume of 23,182. The business has a 50-day simple moving average of $81.08 and a two-hundred day simple moving average of $77.57. Givaudan has a one year low of $65.97 and a one year high of $90.69.

About Givaudan

Givaudan SA is a Swiss company that develops and manufactures flavors, fragrances and related ingredients for consumer products. Its solutions are used in a wide range of applications, including food and beverages, fine fragrances, personal care products, household goods and oral care.

The company operates through flavor and fragrance activities, combining natural and synthetic ingredients with research, product development and sensory expertise. Givaudan also provides taste, scent and cosmetic solutions designed to support product performance, consumer preferences and brand identity.

Givaudan traces its origins to the late 18th century and has grown into an international business serving customers in markets around the world.