Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Down 93.7% in July

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,061 shares, a decrease of 93.7% from the July 15th total of 16,712 shares. Based on an average daily volume of 86,210 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

SYIEY has been the topic of several research analyst reports. Jefferies Financial Group upgraded Symrise to a “hold” rating in a report on Wednesday, April 22nd. Morgan Stanley restated an “overweight” rating on shares of Symrise in a research report on Tuesday, June 16th. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. The Goldman Sachs Group cut Symrise from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Finally, Sanford C. Bernstein raised Symrise to a “hold” rating in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Symrise presently has an average rating of “Hold”.

Symrise Stock Performance

Shares of OTCMKTS:SYIEY traded down $0.22 during midday trading on Tuesday, hitting $26.16. The company’s stock had a trading volume of 32,329 shares, compared to its average volume of 115,348. Symrise has a 12-month low of $19.31 and a 12-month high of $26.91. The business’s 50 day simple moving average is $24.79 and its 200 day simple moving average is $22.77.

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.