Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Update

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 14,787 shares, a decrease of 63.2% from the May 14th total of 40,143 shares. Based on an average daily trading volume, of 112,674 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SYIEY shares. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Jefferies Financial Group raised Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group downgraded Symrise from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Symrise Price Performance

SYIEY opened at $23.77 on Friday. Symrise has a 12-month low of $19.31 and a 12-month high of $29.52. The business’s fifty day simple moving average is $22.16 and its 200-day simple moving average is $21.33.

Symrise Company Profile

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.