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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 16,585 shares, a growth of 1,463.1% from the July 30th total of 1,061 shares. Based on an average daily trading volume, of 68,107 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Symrise Stock Up 1.0%

Shares of SYIEY opened at $26.83 on Wednesday. The stock has a 50-day moving average of $25.42 and a two-hundred day moving average of $23.12. Symrise has a one year low of $19.31 and a one year high of $26.91.

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.