Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Givaudan SA (OTCMKTS:GVDNY) was the recipient of a large 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. Based on an average daily trading volume, of 33,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Givaudan Trading Down 0.9 %

Shares of GVDNY traded down $0.76 during midday trading on Thursday, reaching $85.24. The stock had a trading volume of 15,447 shares, compared to its average volume of 29,348. The company has a quick ratio of 0.94, a current ratio of 1.43 and a debt-to-equity ratio of 0.99. The firm’s 50 day moving average price is $88.17 and its 200-day moving average price is $92.36. Givaudan has a 52 week low of $83.36 and a 52 week high of $110.32.

Givaudan Increases Dividend

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

Analysts Set New Price Targets

Separately, Berenberg Bank raised 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.