Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Sees Large Increase in Short Interest

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,714 shares, an increase of 117.1% from the August 31st total of 1,250 shares. Based on an average trading volume of 103,441 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

SYIEY has been the subject of a number of recent analyst reports. Citigroup reiterated a “buy” rating on shares of Symrise in a research report on Friday. The Goldman Sachs Group downgraded Symrise from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Sanford C. Bernstein raised shares of Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st. Finally, Morgan Stanley reissued an “overweight” rating on shares of Symrise in a report on Thursday, August 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Symrise Stock Performance

OTCMKTS:SYIEY traded up $0.01 during trading hours on Tuesday, hitting $26.52. The company’s stock had a trading volume of 6,791 shares, compared to its average volume of 103,519. Symrise has a twelve month low of $19.31 and a twelve month high of $27.31. The stock has a fifty day simple moving average of $25.94 and a 200-day simple moving average of $23.85.

About Symrise

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.