Short Interest in Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Declines By 93.7%

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 1,061 shares, a decrease of 93.7% from the July 15th total of 16,712 shares. Based on an average daily volume of 86,210 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Symrise Stock Down 0.8%

Shares of Symrise stock traded down $0.22 on Tuesday, reaching $26.16. The company’s stock had a trading volume of 32,329 shares, compared to its average volume of 115,348. The stock has a 50-day moving average price of $24.79 and a 200-day moving average price of $22.77. Symrise has a 52-week low of $19.31 and a 52-week high of $26.91.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SYIEY shares. Zacks Research raised shares of Symrise from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Sanford C. Bernstein raised shares of Symrise to a “hold” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group cut shares of Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Jefferies Financial Group upgraded shares of Symrise to a “hold” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Symrise in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.