Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

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

Givaudan Stock Performance

GVDNY opened at $86.89 on Friday. The firm has a 50-day moving average price of $88.20 and a two-hundred day moving average price of $92.19. Givaudan has a 1-year low of $83.36 and a 1-year 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.

Givaudan Increases Dividend

The firm also recently announced 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 an increase from Givaudan’s previous dividend of $0.97.

Analyst Upgrades and Downgrades

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

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.