Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Down 63.2% in May

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 14,787 shares, a decline of 63.2% from the May 14th total of 40,143 shares. Based on an average daily volume of 112,674 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Symrise Stock Performance

SYIEY stock opened at $24.04 on Friday. The company’s 50-day simple moving average is $22.11 and its 200 day simple moving average is $21.31. Symrise has a 52 week low of $19.31 and a 52 week high of $29.90.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Jefferies Financial Group raised Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group downgraded Symrise from a “buy” rating to a “neutral” rating in a research report on Monday. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

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.