Givaudan SA (OTCMKTS:GVDNY) Short Interest Down 83.3% in November

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

Wall Street Analysts Forecast Growth

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

Givaudan Price Performance

Givaudan stock traded up $0.34 during midday trading on Wednesday, hitting $87.87. 16,918 shares of the company’s stock were exchanged, compared to its average volume of 17,605. The firm’s 50 day simple moving average is $97.84 and its 200 day simple moving average is $97.36. Givaudan has a 12-month low of $73.36 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.

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.