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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 16,585 shares, an increase of 1,463.1% from the July 30th total of 1,061 shares. Based on an average trading volume of 68,107 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

SYIEY has been the subject of several recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Symrise in a research report on Tuesday, June 16th. The Goldman Sachs Group lowered Symrise from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Sanford C. Bernstein upgraded Symrise to a “hold” rating in a research report 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. According to MarketBeat, the company has a consensus rating of “Hold”.

Symrise Stock Performance

Shares of OTCMKTS SYIEY traded up $0.26 during mid-day trading on Tuesday, hitting $26.83. 33,084 shares of the stock were exchanged, compared to its average volume of 110,620. Symrise has a twelve month low of $19.31 and a twelve month high of $26.91. The stock’s fifty day simple moving average is $25.36 and its two-hundred day simple moving average is $23.09.

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.