Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Update

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 16,585 shares, a growth of 1,463.1% from the July 30th total of 1,061 shares. Based on an average daily volume of 68,107 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of Symrise in a report on Tuesday, June 16th. Zacks Research raised Symrise from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Sanford C. Bernstein upgraded Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group lowered Symrise from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold”.

Symrise Trading Up 1.0%

Shares of SYIEY traded up $0.26 on Tuesday, reaching $26.83. 33,084 shares of the company’s stock were exchanged, compared to its average volume of 110,620. The business has a 50 day moving average price of $25.36 and a two-hundred day moving average price of $23.09. Symrise has a 12 month low of $19.31 and a 12 month high of $26.91.

About Symrise

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.