Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Key Points

• Givaudan SA experienced a significant decrease in short interest in September, falling 64.0% to a total of 900 shares.
• Analysts have recently upgraded Givaudan's stock ratings, with Barclays and Jefferies changing their ratings to "hold", and a consensus rating of "Moderate Buy" among analysts.
• The stock of Givaudan traded at $81.05, remaining below its 50-day moving average of $84.39 and experiencing a twelve-month trading range from a low of $79.46 to a high of $105.60.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 900 shares, a decrease of 64.0% from the August 31st total of 2,500 shares. Based on an average daily volume of 322,100 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 322,100 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

GVDNY has been the subject of several recent research reports. Barclays upgraded shares of Givaudan from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 8th. Jefferies Financial Group raised Givaudan from a "moderate sell" rating to a "hold" rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Givaudan Stock Performance

Shares of OTCMKTS GVDNY traded up $0.18 during trading on Thursday, reaching $81.05. The company had a trading volume of 9,316 shares, compared to its average volume of 38,403. The stock has a 50-day moving average price of $84.39 and a two-hundred day moving average price of $91.27. Givaudan has a twelve month low of $79.46 and a twelve month high of $105.60. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.85 and a current ratio of 1.38.

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.

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