Givaudan SA (OTCMKTS:GVDNY) Sees Significant Decrease in Short Interest

Key Points

• Givaudan’s short interest plunged 97.9% to 2,262 shares as of July 31, representing approximately 0.0% of shares outstanding and a short-interest ratio of 0.0 days.
• Analyst sentiment is mixed, with three Buy ratings, five Holds and one Sell; MarketBeat’s overall consensus rating is Hold.
• GVDNY shares fell 1.8% to $81.67 during Tuesday trading, remaining between a 12-month range of $65.97 to $90.69.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) saw a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 2,262 shares, a decrease of 97.9% from the July 15th total of 109,658 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 56,887 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

GVDNY has been the subject of several research reports. Zacks Research upgraded shares of Givaudan from a "strong sell" rating to a "hold" rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Givaudan in a research note on Monday, July 27th. Kepler Capital Markets downgraded shares of Givaudan from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 13th. The Goldman Sachs Group raised shares of Givaudan from a "sell" rating to a "buy" rating in a research note on Monday, June 8th. Finally, Sanford C. Bernstein began coverage on shares of Givaudan in a report on Wednesday, July 22nd. They set a "strong sell" rating on the stock. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold".

Givaudan Trading Down 1.8%

GVDNY stock traded down $1.50 during midday trading on Tuesday, hitting $81.67. 9,956 shares of the company traded hands, compared to its average volume of 24,389. Givaudan has a twelve month low of $65.97 and a twelve month high of $90.69. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. The business has a 50 day simple moving average of $81.54 and a 200-day simple moving average of $76.37.

Givaudan Company Profile

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.

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