Givaudan SA (OTCMKTS:GVDNY) Short Interest Down 91.5% in July

Key Points

• Givaudan SA experienced a significant drop in short interest, declining by 91.5% to just 800 shares as of July 31st, indicating that only 0.0% of shares are sold short.
• The stock traded at $82.15 after a $0.60 decline, with a 1-year low of $81.37 and a high of $110.32.
• Analysts from Barclays upgraded Givaudan’s rating from "strong sell" to "hold" in early July.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 800 shares, adecreaseof91.5% from the July 15th total of 9,400 shares. Based on an average daily trading volume, of 195,900 shares, the short-interest ratio is currently 0.0 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average daily trading volume, of 195,900 shares, the short-interest ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Barclays raised shares of Givaudan from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Givaudan Stock Up 0.5%

Givaudan stock traded up $0.4250 during mid-day trading on Tuesday, reaching $83.33. 104,361 shares of the company's stock were exchanged, compared to its average volume of 74,976. Givaudan has a twelve month low of $81.3740 and a twelve month high of $110.3150. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.49 and a quick ratio of 0.98. The company has a fifty day moving average of $92.46 and a 200-day moving average of $92.20.

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.