Givaudan SA (OTCMKTS:GVDNY) Short Interest Down 62.5% in December
by Amy Steele · The Cerbat GemGivaudan SA (OTCMKTS:GVDNY – Get Free Report) saw a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 662 shares, a decline of 62.5% from the November 30th total of 1,766 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 72,072 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 72,072 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.
Givaudan Price Performance
OTCMKTS:GVDNY traded down $0.08 during midday trading on Friday, reaching $79.39. The company had a trading volume of 36,573 shares, compared to its average volume of 48,546. Givaudan has a 12-month low of $76.48 and a 12-month high of $103.39. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91. The stock’s fifty day simple moving average is $82.73 and its 200-day simple moving average is $86.58.
Analysts Set New Price Targets
GVDNY has been the subject of several research analyst reports. Jefferies Financial Group upgraded Givaudan from a “hold” rating to a “buy” rating in a research report on Tuesday, November 11th. Barclays upgraded Givaudan from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft raised Givaudan from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Strong Buy”.
Get Our Latest Research Report on Givaudan
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.