Short Interest in Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Declines By 94.1%

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 1,885 shares, a drop of 94.1% from the February 26th total of 31,727 shares. Based on an average daily volume of 234,271 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 234,271 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group downgraded Symrise from a “moderate sell” rating to a “strong sell” rating in a research note on Wednesday, March 4th. Zacks Research lowered shares of Symrise from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. Finally, The Goldman Sachs Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Symrise Trading Down 1.0%

SYIEY stock opened at $20.03 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.83 and a current ratio of 1.49. The company’s fifty day simple moving average is $21.45 and its 200 day simple moving average is $21.31. Symrise has a 12-month low of $19.31 and a 12-month high of $30.58.

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.