Symrise AG Unsponsored ADR (OTCMKTS:SYIEY – Get Free Report) was the target of a large 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. Based on an average daily volume of 119,275 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are sold short.
Symrise Stock Performance
OTCMKTS:SYIEY opened at $23.01 on Monday. Symrise has a 1-year low of $19.31 and a 1-year high of $30.58. The company’s fifty day moving average price is $21.72 and its 200-day moving average price is $21.18.
Wall Street Analyst Weigh In
Several research firms recently commented on SYIEY. Jefferies Financial Group upgraded shares of Symrise to a “hold” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, The Goldman Sachs Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Symrise presently 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.
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