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

Givaudan SA (OTCMKTS:GVDNY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 8,700 shares, a growth of 135.1% from the December 31st total of 3,700 shares. Based on an average daily volume of 81,500 shares, the days-to-cover ratio is currently 0.1 days.

Givaudan Price Performance

Shares of OTCMKTS:GVDNY traded up $0.52 during midday trading on Friday, hitting $88.20. The company had a trading volume of 24,662 shares, compared to its average volume of 35,313. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average of $87.60 and a two-hundred day moving average of $94.93. Givaudan has a 12-month low of $81.09 and a 12-month high of $110.32.

Analysts Set New Price Targets

A number of analysts recently commented on GVDNY shares. Citigroup downgraded Givaudan from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. Barclays downgraded shares of Givaudan from a “hold” rating to a “strong sell” rating in a report on Friday, November 15th.

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.