Short Interest in Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Drops By 59.6%

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 16,712 shares, a drop of 59.6% from the June 30th total of 41,398 shares. Based on an average trading volume of 119,402 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

SYIEY has been the subject of several research analyst reports. Jefferies Financial Group upgraded shares of Symrise to a “hold” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Morgan Stanley reissued an “overweight” rating on shares of Symrise in a report on Tuesday, June 16th. Sanford C. Bernstein raised Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Finally, The Goldman Sachs Group downgraded Symrise from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Symrise has an average rating of “Hold”.

Symrise Stock Up 0.6%

Shares of OTCMKTS SYIEY opened at $24.71 on Tuesday. The stock has a fifty day moving average price of $24.16 and a 200 day moving average price of $22.42. Symrise has a 1-year low of $19.31 and a 1-year high of $26.16.

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.