Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Down 42.5% in April

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the target of a significant decline in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 112,253 shares, the days-to-cover ratio is presently 0.1 days.

Symrise Price Performance

Shares of SYIEY stock traded up $0.59 on Monday, hitting $21.94. 42,276 shares of the company’s stock were exchanged, compared to its average volume of 151,343. The company has a 50 day moving average of $21.32 and a 200 day moving average of $21.05. Symrise has a 12 month low of $19.31 and a 12 month high of $30.58.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research note on Tuesday, February 10th. Jefferies Financial Group raised shares of Symrise to a “hold” rating in a report on Wednesday, April 22nd. Finally, Zacks Research lowered shares of Symrise from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 16th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus 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.