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

Givaudan SA (OTCMKTS:GVDBF) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 66,700 shares, a drop of 8.4% from the March 15th total of 72,800 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 667.0 days.

Givaudan Stock Performance

Shares of OTCMKTS:GVDBF remained flat at $4,183.23 during midday trading on Wednesday. Givaudan has a twelve month low of $2,962.53 and a twelve month high of $4,565.00. The firm has a 50-day simple moving average of $4,323.62 and a 200-day simple moving average of $3,894.82.

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.