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

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

Analysts Set New Price Targets

GVDNY has been the subject of several research reports. Barclays downgraded Givaudan from a “hold” rating to a “strong sell” rating in a report on Friday, November 15th. Citigroup cut shares of Givaudan from a “buy” rating to a “neutral” rating in a research note on Thursday, October 17th.

Givaudan Trading Up 1.2 %

Shares of GVDNY traded up $0.97 during midday trading on Wednesday, reaching $85.23. 24,454 shares of the stock were exchanged, compared to its average volume of 40,481. The stock’s 50 day simple moving average is $87.80 and its 200 day simple moving average is $95.70. Givaudan has a twelve month low of $75.55 and a twelve month high of $110.32. The company has a quick ratio of 0.94, a current ratio of 1.43 and a debt-to-equity ratio of 0.99.

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.