Short Interest in Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Rises By 171.6%

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 40,143 shares, an increase of 171.6% from the April 30th total of 14,782 shares. Based on an average daily volume of 119,275 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Symrise Stock Down 2.3%

SYIEY opened at $23.01 on Friday. Symrise has a 52-week low of $19.31 and a 52-week high of $30.58. The firm’s fifty day simple moving average is $21.72 and its two-hundred day simple moving average is $21.18.

Analyst Ratings Changes

Several equities analysts recently issued reports on SYIEY shares. The Goldman Sachs Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Jefferies Financial Group upgraded shares of Symrise to a “hold” rating in a research note on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

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.