Short Interest in Givaudan SA (OTCMKTS:GVDNY) Grows By 2,388.0%

Key Points

• Short interest surged 2,388.0% in March to 10,126 shares as of March 31, leaving a days-to-cover ratio of 0.1 days even though the report lists shorted shares as 0.0% of outstanding shares.
• Analyst activity has tilted negative recently with downgrades from Zacks, Barclays and Goldman Sachs while Deutsche Bank and Citigroup reaffirmed ratings, leaving a MarketBeat consensus of "Hold" (2 Buys, 3 Holds, 2 Sells).
• Shares traded up 0.7% to $71.14 on the day with 23,522 shares changing hands versus an average of 67,658; the stock's 52-week range is $65.97–$103.39 and its 50- and 200-day SMAs are $73.96 and $79.21, respectively.

Givaudan SA (OTCMKTS:GVDNY - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 10,126 shares, a growth of 2,388.0% from the March 15th total of 407 shares. Based on an average daily trading volume, of 116,137 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Zacks Research lowered shares of Givaudan from a "hold" rating to a "strong sell" rating in a research report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Givaudan in a research note on Friday, January 30th. Barclays downgraded Givaudan from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 27th. The Goldman Sachs Group downgraded Givaudan from a "strong-buy" rating to a "sell" rating in a research note on Tuesday, February 10th. Finally, Citigroup reaffirmed a "neutral" rating on shares of Givaudan in a research note on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Givaudan Trading Up 0.7%

Shares of GVDNY traded up $0.50 during mid-day trading on Friday, reaching $71.14. 23,522 shares of the company's stock were exchanged, compared to its average volume of 67,658. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. Givaudan has a 52-week low of $65.97 and a 52-week high of $103.39. The company has a 50-day simple moving average of $73.96 and a two-hundred day simple moving average of $79.21.

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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