Symrise AG Unsponsored ADR (OTCMKTS:SYIEY – Get Free Report) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 14,787 shares, a decrease of 63.2% from the May 14th total of 40,143 shares. Based on an average trading volume of 112,674 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
Symrise Stock Up 0.9%
SYIEY opened at $24.04 on Friday. Symrise has a twelve month low of $19.31 and a twelve month high of $29.90. The company has a 50-day simple moving average of $22.11 and a 200 day simple moving average of $21.31.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on SYIEY shares. The Goldman Sachs Group cut shares of Symrise from a “buy” rating to a “neutral” rating in a research report on Monday. Zacks Research raised shares of Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group raised shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to 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.
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