Givaudan SA (OTCMKTS:GVDNY) Sees Large Increase in Short Interest

Givaudan SA (OTCMKTS:GVDNY) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 3,700 shares, an increase of 236.4% from the November 30th total of 1,100 shares. Based on an average daily volume of 60,900 shares, the days-to-cover ratio is presently 0.1 days.

Givaudan Stock Performance

Shares of OTCMKTS GVDNY traded down $0.09 during mid-day trading on Thursday, reaching $88.82. 29,614 shares of the company’s stock were exchanged, compared to its average volume of 18,894. The firm has a 50-day moving average price of $90.51 and a two-hundred day moving average price of $96.70. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99. Givaudan has a 52 week low of $75.55 and a 52 week high of $110.32.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Citigroup lowered shares of Givaudan from a “buy” rating to a “neutral” rating in a research note on Thursday, October 17th. Barclays lowered Givaudan from a “hold” rating to a “strong sell” rating in a report on Friday, November 15th.

About Givaudan

Givaudan SA manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances; consumer products, such as personal, home, fabric, and oral care; fragrance ingredients; and active beauty products.