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

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 recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 800 shares, adropof91.5% from the July 15th total of 9,400 shares. Currently,0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 195,900 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 195,900 shares, the short-interest ratio is currently 0.0 days. Currently,0.0% of the shares of the stock are sold short.

Givaudan Price Performance

GVDNY stock traded down $0.60 during trading on Thursday, reaching $82.15. 40,268 shares of the stock were exchanged, compared to its average volume of 29,614. 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 business has a 50 day moving average price of $93.99 and a 200-day moving average price of $92.33. Givaudan has a 1 year low of $81.37 and a 1 year high of $110.32.

Analysts Set New Price Targets

Separately, Barclays raised shares of Givaudan from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 8th.

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.

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