Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Sees Large Decline in Short Interest

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 31,727 shares, a decrease of 21.8% from the February 12th total of 40,582 shares. Based on an average trading volume of 183,526 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 183,526 shares, the short-interest ratio is presently 0.2 days.

Symrise Price Performance

SYIEY stock opened at $21.30 on Tuesday. The firm has a 50 day simple moving average of $21.48 and a 200 day simple moving average of $21.46. Symrise has a 52 week low of $19.31 and a 52 week high of $30.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.83 and a current ratio of 1.49.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SYIEY. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Symrise in a research report on Monday, November 24th. Zacks Research lowered Symrise from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. The Goldman Sachs Group upgraded Symrise from a “hold” rating to a “buy” rating in a report on Tuesday, February 10th. Finally, Jefferies Financial Group downgraded shares of Symrise from a “moderate sell” rating to a “strong sell” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

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.