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

Key Points

• Short interest rose sharply in March—up 74.7% to 407 shares as of March 13—but still represents roughly 0.0% of shares and a 0.0 days to cover, so overall short exposure remains negligible.
• Shares traded at $66.08, near the 12‑month low of $65.97 and well below the 50‑day and 200‑day moving averages of $76.27 and $80.40, signaling recent weakness.
• Analyst views are mixed—one Strong Buy, two Buy, one Hold and one Sell—resulting in an average rating of Moderate Buy, with Goldman Sachs notably downgrading the stock to a Sell.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 407 shares, an increase of 74.7% from the February 26th total of 233 shares. Based on an average daily volume of 98,823 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Givaudan Stock Performance

Shares of GVDNY traded down $0.13 during mid-day trading on Friday, reaching $66.08. 43,268 shares of the stock traded hands, compared to its average volume of 62,587. The stock has a fifty day simple moving average of $76.27 and a 200 day simple moving average of $80.40. Givaudan has a 12-month low of $65.97 and a 12-month high of $103.39. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92.

Wall Street Analysts Forecast Growth

GVDNY has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Givaudan in a research note on Friday, January 30th. Citigroup reaffirmed a "neutral" rating on shares of Givaudan in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group lowered Givaudan from a "strong-buy" rating to a "sell" rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

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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