Short Interest in Givaudan SA (OTCMKTS:GVDNY) Grows By 1,900.0%

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 6,000 shares, an increase of 1,900.0% from the March 31st total of 300 shares. Based on an average daily trading volume, of 62,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded shares of Givaudan from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th.

Givaudan Price Performance

Shares of GVDNY traded down $0.09 during trading hours on Thursday, hitting $96.14. The stock had a trading volume of 14,388 shares, compared to its average volume of 27,922. Givaudan has a 12 month low of $81.37 and a 12 month high of $110.32. The stock has a fifty day moving average price of $89.77 and a 200 day moving average price of $89.46. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 1.43.

Givaudan Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 25th were given a dividend of $1.5503 per share. The ex-dividend date was Tuesday, March 25th. This is a positive change from Givaudan's previous dividend of $0.97.

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.