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

Givaudan SA (OTCMKTS:GVDNY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,000 shares, an increase of 328.6% from the February 28th total of 700 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 33,300 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded Givaudan from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Givaudan Stock Performance

GVDNY stock traded up $0.63 during midday trading on Friday, hitting $85.87. The company had a trading volume of 20,364 shares, compared to its average volume of 29,192. Givaudan has a 52 week low of $83.36 and a 52 week high of $110.32. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.94 and a current ratio of 1.43. The stock’s 50 day moving average price is $88.18 and its 200 day moving average price is $92.32.

Givaudan Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, April 9th. Shareholders of record on Tuesday, March 25th will be given a dividend of $1.5503 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This is a boost from Givaudan’s previous dividend of $0.97.

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.