Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Stock Short Interest Climbs 129.7%

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 6,233 shares, an increase of 129.7% from the September 15th total of 2,714 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 133,587 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SYIEY shares. Citigroup reaffirmed a “buy” rating on shares of Symrise in a research report on Friday, September 25th. Morgan Stanley reiterated an “overweight” rating on shares of Symrise in a report on Thursday, August 27th. Jefferies Financial Group raised Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, September 1st. Finally, Sanford C. Bernstein raised Symrise to a “hold” rating in a research note on Wednesday, July 22nd. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Symrise Trading Up 3.6%

OTCMKTS SYIEY opened at $26.90 on Wednesday. The company has a fifty day moving average price of $26.06 and a 200-day moving average price of $24.26. Symrise has a 1 year low of $19.31 and a 1 year high of $27.31.

Symrise Company Profile

Symrise AG is a Germany-based global supplier of flavorings, fragrances, cosmetic ingredients and nutritional solutions. The company develops ingredients and formulation systems used by manufacturers in the food and beverage, consumer goods, fragrance, personal care and health industries.

Its business is organized around areas that include Taste, Scent and Care, and Nutrition. Products and services include flavors for foods and beverages, fragrance compounds for perfumes and household products, functional ingredients for cosmetics and personal care, and ingredients used in dietary supplements, pet food and other nutrition applications.

Symrise was formed in 2003 through the merger of Haarmann & Reimer and Dragoco, two businesses with roots in the European flavor and fragrance industry.