Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Sees Significant Growth in Short Interest

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

Symrise Trading Up 0.4%

Shares of SYIEY opened at $27.01 on Thursday. Symrise has a 12 month low of $19.31 and a 12 month high of $27.31. The stock has a fifty day moving average price of $26.08 and a 200-day moving average price of $24.30.

Analyst Upgrades and Downgrades

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

About Symrise

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.