Givaudan SA (OTCMKTS:GVDBF) Sees Significant Drop in Short Interest

Givaudan SA (OTCMKTS:GVDBF) was the target of a large decline in short interest in November. As of November 15th, there was short interest totalling 55,800 shares, a decline of 9.6% from the October 31st total of 61,700 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 558.0 days.

Givaudan Stock Performance

Shares of GVDBF remained flat at $4,326.68 during mid-day trading on Tuesday. The firm’s 50-day simple moving average is $4,938.91 and its two-hundred day simple moving average is $4,852.51. Givaudan has a twelve month low of $3,294.45 and a twelve month high of $5,335.00.

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.