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

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 8,107 shares, an increase of 1,126.5% from the December 15th total of 661 shares. Based on an average daily volume of 485,888 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 485,888 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

A number of research firms recently weighed in on SYIEY. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Symrise in a report on Monday, November 24th. Zacks Research cut Symrise from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Symrise has a consensus rating of “Buy”.

Symrise Trading Up 4.4%

Shares of SYIEY opened at $21.24 on Tuesday. The company has a quick ratio of 0.83, a current ratio of 1.49 and a debt-to-equity ratio of 0.34. The firm’s fifty day simple moving average is $20.23 and its two-hundred day simple moving average is $22.49. Symrise has a 12 month low of $19.31 and a 12 month high of $30.58.

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.