Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Sees Significant Growth in Short Interest

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 16,585 shares, a growth of 1,463.1% from the July 30th total of 1,061 shares. Based on an average daily volume of 68,107 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on SYIEY shares. Zacks Research upgraded Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. The Goldman Sachs Group cut shares of Symrise from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Morgan Stanley restated an “overweight” rating on shares of Symrise in a research report on Tuesday, June 16th. Finally, Sanford C. Bernstein upgraded shares of Symrise to a “hold” rating in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Symrise Stock Performance

Shares of SYIEY opened at $26.93 on Thursday. The firm’s 50-day moving average is $25.48 and its two-hundred day moving average is $23.16. Symrise has a twelve month low of $19.31 and a twelve month high of $27.31.

About Symrise

Symrise AG is a global supplier of fragrances, flavors, cosmetic active ingredients and raw materials for the food and beverage, personal care and household industries. Headquartered in Holzminden, Germany, the company develops scent and taste solutions that are used in a wide range of consumer products, from perfumes and personal care formulations to soft drinks, confections and savory seasonings.

The company’s core business is organized into two divisions. The Flavors & Nutrition division creates taste concepts, food ingredients and texture solutions that enhance the sensory appeal and nutritional profile of a variety of foods and beverages.