Short Interest in Givaudan SA (OTCMKTS:GVDNY) Drops By 83.3%

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 400 shares, a decrease of 83.3% from the October 31st total of 2,400 shares. Based on an average daily trading volume, of 51,300 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several research firms have commented on GVDNY. Citigroup cut Givaudan from a “buy” rating to a “neutral” rating in a report on Thursday, October 17th. Barclays lowered shares of Givaudan from a “hold” rating to a “strong sell” rating in a research report on Friday, November 15th.

Givaudan Stock Performance

Shares of GVDNY traded up $0.08 during trading hours on Friday, hitting $87.95. The stock had a trading volume of 14,621 shares, compared to its average volume of 17,592. The company’s fifty day simple moving average is $97.13 and its 200 day simple moving average is $97.23. Givaudan has a 12-month low of $74.16 and a 12-month high of $110.32. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99.

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.