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

Givaudan SA (OTCMKTS:GVDBF) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totalling 57,100 shares, a drop of 9.1% from the June 30th total of 62,800 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 571.0 days.

Givaudan Price Performance

Shares of OTCMKTS:GVDBF remained flat at $4,567.00 during midday trading on Wednesday. Givaudan has a twelve month low of $2,962.53 and a twelve month high of $4,800.01. The company’s 50 day simple moving average is $4,681.03 and its 200 day simple moving average is $4,400.21.

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.