Symrise AG (OTCMKTS:SYIEY) Sees Significant Drop in Short Interest
Symrise AG (OTCMKTS:SYIEY) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 2,700 shares, a decline of 38.6% from the December 15th total of 4,400 shares. Based on an average daily volume of 90,700 shares, the short-interest ratio is presently 0.0 days.
SYIEY has been the topic of a number of recent research reports. Zacks Investment Research cut Symrise from a “buy” rating to a “hold” rating in a report on Tuesday, November 3rd. Redburn Partners downgraded Symrise from a “buy” rating to a “neutral” rating in a research note on Tuesday. Morgan Stanley restated an “equal weight” rating on shares of Symrise in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Symrise in a report on Thursday, October 1st. Finally, UBS Group raised shares of Symrise from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 1st. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $38.00.
Shares of OTCMKTS:SYIEY traded up $0.23 during trading on Thursday, reaching $31.65. 27,817 shares of the company traded hands, compared to its average volume of 189,465. The business’s fifty day moving average is $32.22 and its 200-day moving average is $32.54. Symrise has a 52-week low of $19.19 and a 52-week high of $35.42. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 51.89 and a beta of 0.83.
Symrise AG develops, produces, and supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through three segments: Scent & Care, Flavor, and Nutrition. The Scent & Care segment develops, produces, and sells fragrance ingredients and compositions, cosmetic ingredients, and mint flours, as well as specific application processes for such substances.
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