Short Interest in Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Declines By 59.6%

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

Analyst Upgrades and Downgrades

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

Symrise Stock Performance

Shares of OTCMKTS:SYIEY opened at $24.57 on Monday. Symrise has a 52-week low of $19.31 and a 52-week high of $26.16. The company has a 50-day simple moving average of $24.11 and a 200 day simple moving average of $22.38.

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.