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

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) saw a significant growth in short interest in May. As of May 15th, there was short interest totalling 3,300 shares, a growth of 175.0% from the April 30th total of 1,200 shares. Based on an average daily volume of 26,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Givaudan Stock Up 0.8%

Shares of OTCMKTS:GVDNY traded up $0.76 during trading on Friday, hitting $100.50. 10,806 shares of the company's stock were exchanged, compared to its average volume of 24,854. Givaudan has a 52-week low of $81.37 and a 52-week high of $110.32. The business's 50-day simple moving average is $93.25 and its 200 day simple moving average is $89.76. 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 business also recently announced a dividend, which was paid on Wednesday, April 9th. Investors of record on Tuesday, March 25th were paid a $1.5503 dividend. The ex-dividend date was Tuesday, March 25th. This is a positive change from Givaudan's previous dividend of $0.97.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Givaudan from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th.

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.