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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 41,398 shares, a growth of 119.1% from the June 15th total of 18,898 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 123,001 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SYIEY shares. Jefferies Financial Group raised shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research raised shares of Symrise from a “strong sell” rating to a “hold” rating in a research report on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of Symrise in a research note on Tuesday, June 16th. Finally, The Goldman Sachs Group lowered Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Symrise Stock Performance

Shares of SYIEY opened at $25.57 on Friday. The company’s 50 day simple moving average is $23.71 and its 200-day simple moving average is $22.18. Symrise has a 12-month low of $19.31 and a 12-month high of $26.26.

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.