Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Update

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

Symrise Price Performance

Shares of OTCMKTS SYIEY traded down $0.27 during midday trading on Thursday, reaching $25.46. The company’s stock had a trading volume of 29,221 shares, compared to its average volume of 106,515. The stock has a 50 day simple moving average of $25.79 and a 200-day simple moving average of $23.46. Symrise has a fifty-two week low of $19.31 and a fifty-two week high of $27.31.

Analysts Set New Price Targets

Several research firms have recently issued reports on SYIEY. Sanford C. Bernstein upgraded Symrise to a “hold” rating in a research report on Wednesday, July 22nd. The Goldman Sachs Group cut Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a research note on Thursday, August 27th. Finally, Jefferies Financial Group raised shares of Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Symrise Company Profile

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.