Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 138,607 shares, a growth of 120.7% from the June 15th total of 62,811 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 59,585 shares, the days-to-cover ratio is currently 2.3 days.

Givaudan Stock Performance

Shares of Givaudan stock opened at $84.19 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.74. Givaudan has a 12 month low of $65.97 and a 12 month high of $96.36. The stock’s fifty day moving average price is $77.95 and its 200-day moving average price is $76.09.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Berenberg Bank downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Barclays cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Zacks Research upgraded shares of Givaudan from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. The Goldman Sachs Group raised shares of Givaudan from a “sell” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Kepler Capital Markets downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

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.