Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Down 59.6% in July

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 16,712 shares, a decrease of 59.6% from the June 30th total of 41,398 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 119,402 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SYIEY shares. Sanford C. Bernstein raised shares of Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group raised Symrise to a “hold” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group lowered Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Morgan Stanley reissued an “overweight” rating on shares of Symrise in a research note on Tuesday, June 16th. Finally, Zacks Research upgraded Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Symrise has a consensus rating of “Hold”.

Symrise Stock Performance

Shares of Symrise stock opened at $24.57 on Monday. The stock’s 50-day moving average is $24.11 and its 200-day moving average is $22.38. Symrise has a one year low of $19.31 and a one year high of $26.16.

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.