Symrise AG (OTCMKTS:SYIEY) Sees Significant Decline in Short Interest

Symrise AG (OTCMKTS:SYIEY – Get Rating) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 11,200 shares, a decrease of 62.7% from the March 31st total of 30,000 shares. Based on an average trading volume of 163,100 shares, the short-interest ratio is currently 0.1 days.

Several equities research analysts have weighed in on SYIEY shares. UBS Group cut their price target on Symrise from €135.00 ($145.16) to €130.00 ($139.78) in a report on Tuesday, April 5th. Morgan Stanley upped their target price on Symrise from €106.00 ($113.98) to €107.00 ($115.05) and gave the company an “equal weight” rating in a research report on Monday, April 11th. Finally, Zacks Investment Research cut Symrise from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Symrise presently has a consensus rating of “Hold” and an average target price of $97.00.

Shares of SYIEY traded up $0.31 during mid-day trading on Friday, hitting $29.76. The company’s stock had a trading volume of 55,144 shares, compared to its average volume of 100,702. Symrise has a 1-year low of $25.97 and a 1-year high of $37.54. The firm has a 50-day simple moving average of $29.23 and a 200 day simple moving average of $32.37.

The company also recently disclosed a dividend, which will be paid on Monday, May 23rd. Investors of record on Thursday, May 5th will be paid a $0.1785 dividend. This represents a yield of 0.6%. The ex-dividend date is Wednesday, May 4th.

About Symrise (Get Rating)

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through two segments, Taste, Nutrition & Health, and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and flavor solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for aqua feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.

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