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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the target of a significant increase in short interest in 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. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 119,275 shares, the short-interest ratio is presently 0.3 days.

Symrise Trading Down 2.3%

Shares of OTCMKTS SYIEY opened at $23.01 on Friday. The firm has a 50-day simple moving average of $21.72 and a 200-day simple moving average of $21.18. Symrise has a 52 week low of $19.31 and a 52 week high of $30.58.

Analyst Upgrades and Downgrades

SYIEY has been the topic of several recent analyst reports. Zacks Research raised shares of Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Jefferies Financial Group raised shares of Symrise to a “hold” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Symrise currently has a consensus rating of “Moderate Buy”.

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.