Givaudan SA (OTCMKTS:GVDNY) Short Interest Update

Givaudan SA (OTCMKTS:GVDNY) saw a large growth in short interest during the month of 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 trading volume of 33,300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Givaudan Trading Up 1.2 %

GVDNY stock opened at $86.89 on Friday. Givaudan has a 12-month low of $83.36 and a 12-month high of $110.32. The company has a 50 day moving average of $88.20 and a two-hundred day moving average of $92.19. The company has a current ratio of 1.43, a quick ratio of 0.94 and a debt-to-equity ratio of 0.99.

Givaudan Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 25th will be issued 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.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Givaudan from a “hold” rating to a “strong-buy” rating in a research report 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.