Givaudan SA (OTCMKTS:GVDNY) Short Interest Down 97.9% in July

Givaudan SA (OTCMKTS:GVDNY) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,262 shares, a drop of 97.9% from the July 15th total of 109,658 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 56,887 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on GVDNY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Givaudan in a research note on Monday, July 27th. Zacks Research upgraded shares of Givaudan from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Kepler Capital Markets lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group raised shares of Givaudan from a “sell” rating to a “buy” rating in a research report on Monday, June 8th. Finally, Sanford C. Bernstein assumed coverage on shares of Givaudan in a research note on Wednesday, July 22nd. They set a “strong sell” rating for the company. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Givaudan currently has an average rating of “Hold”.

Givaudan Price Performance

Shares of GVDNY stock opened at $81.09 on Wednesday. The stock’s 50-day simple moving average is $81.54 and its 200-day simple moving average is $76.37. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13. Givaudan has a fifty-two week low of $65.97 and a fifty-two week high of $90.69.

About Givaudan

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.