Synthomer plc (OTCMKTS:SYHMY) Sees Large Drop in Short Interest

Synthomer plc (OTCMKTS:SYHMY) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 5,000 shares, a drop of 68.7% from the April 30th total of 15,961 shares. Based on an average daily volume of 1,058 shares, the days-to-cover ratio is presently 4.7 days.

Synthomer Price Performance

OTCMKTS SYHMY opened at $1.75 on Friday. The firm has a 50 day simple moving average of $0.97 and a 200-day simple moving average of $0.76. Synthomer has a one year low of $0.25 and a one year high of $6.15.

Synthomer Company Profile

Synthomer plc (OTCMKTS:SYHMY) is a global specialty polymer company headquartered in the United Kingdom. The company develops, manufactures and supplies a broad range of water-based polymer solutions to customers in industries such as adhesives, coatings, construction, textiles and personal care. With production sites across Europe, Asia and the Americas, Synthomer serves multinational and regional clients seeking high-performance emulsions, dispersions, polymer powders and functional additives.

The company’s product portfolio includes acrylic and styrene-butadiene latexes, vinyl emulsions, acrylic polymer powders and specialty additives designed to enhance product performance in end-use applications.