Short Interest in Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Drops By 42.5%

Symrise AG Unsponsored ADR (OTCMKTS:SYIEYGet Free Report) was the target of a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 14,782 shares, a decline of 42.5% from the April 15th total of 25,703 shares. Based on an average trading volume of 112,253 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group upgraded Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Zacks Research lowered Symrise from a “hold” rating to a “strong sell” rating in a report on Thursday, April 16th. Finally, Jefferies Financial Group upgraded shares of Symrise to a “hold” rating in a report on Wednesday, April 22nd. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Read Our Latest Report on Symrise

Symrise Stock Performance

Shares of SYIEY opened at $21.99 on Tuesday. Symrise has a 12-month low of $19.31 and a 12-month high of $30.58. The company’s 50-day moving average price is $21.34 and its 200 day moving average price is $21.04.

About Symrise

(Get Free Report)

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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