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

Key Points

• Givaudan SA experienced a substantial increase in short interest of 522.2% in September, rising from 900 shares to 5,600 shares.
• Wall Street analysts have raised their ratings for Givaudan, with Barclays and Jefferies upgrading the stock to a hold rating, resulting in a consensus rating of Moderate Buy.
• Givaudan's stock is currently trading at $89.82, with a 12-month price range between $79.46 and $103.39.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 5,600 shares, an increase of 522.2% from the September 15th total of 900 shares. Based on an average daily trading volume, of 113,400 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 113,400 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

GVDNY has been the topic of a number of recent research reports. Barclays upgraded Givaudan from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 8th. Jefferies Financial Group upgraded Givaudan from a "moderate sell" rating to a "hold" rating in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Givaudan Stock Performance

Shares of Givaudan stock traded up $0.84 during trading hours on Friday, hitting $89.82. 33,779 shares of the company's stock traded hands, compared to its average volume of 38,497. Givaudan has a 12-month low of $79.46 and a 12-month high of $103.39. The company has a fifty day simple moving average of $83.93 and a 200-day simple moving average of $90.94. The company has a current ratio of 1.38, a quick ratio of 0.85 and a debt-to-equity ratio of 0.91.

Givaudan Company Profile

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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