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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,250 shares, a drop of 92.5% from the August 15th total of 16,585 shares. Based on an average daily volume of 60,288 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Symrise Trading Down 1.0%

SYIEY stock opened at $25.46 on Friday. The firm has a 50-day moving average of $25.78 and a two-hundred day moving average of $23.48. Symrise has a 12 month low of $19.31 and a 12 month high of $27.31.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Jefferies Financial Group upgraded Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Morgan Stanley reiterated an “overweight” rating on shares of Symrise in a research report on Thursday, August 27th. Zacks Research raised shares of Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Sanford C. Bernstein upgraded Symrise to a “hold” rating in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group cut Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

About Symrise

Symrise AG is a Germany-based manufacturer of fragrance, flavor, and functional ingredient solutions. The company supplies ingredients and finished solutions used in consumer products, including foods and beverages, perfumes, cosmetics, personal-care products, household goods, and pet food.

Symrise operates through businesses focused on flavors, fragrances, cosmetic ingredients, and nutrition. Its products include flavor compounds, natural and synthetic fragrance ingredients, preservatives, active cosmetic ingredients, functional food ingredients, and specialized solutions for animal nutrition and pet-care applications.