Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Shares Shorted: Short Interest Up 139.8% in October

Key Points

• Symrise short interest surged 139.8% to 14,944 shares as of October 15, up from 6,233 shares at the end of September. Despite the increase, only about 0.0% of shares are sold short, with a days-to-cover ratio of 0.2.
• Analyst sentiment remains favorable: four analysts rate Symrise a Buy and three rate it a Hold, resulting in a consensus rating of Moderate Buy.
• SYIEY opened at $25.60, compared with a 52-week range of $19.31 to $28.77; its 50-day and 200-day moving averages are $26.47 and $23.73, respectively.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 14,944 shares, an increase of 139.8% from the September 30th total of 6,233 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 77,509 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Several research analysts have commented on SYIEY shares. Jefferies Financial Group raised shares of Symrise from a "hold" rating to a "buy" rating in a research note on Tuesday, September 1st. Sanford C. Bernstein upgraded shares of Symrise to a "hold" rating in a research report on Wednesday, July 22nd. Morgan Stanley reissued an "overweight" rating on shares of Symrise in a research note on Thursday, August 27th. Finally, Citigroup restated a "buy" rating on shares of Symrise in a report on Friday, September 25th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Symrise presently has a consensus rating of "Moderate Buy".

Symrise Price Performance

OTCMKTS SYIEY opened at $25.60 on Friday. Symrise has a one year low of $19.31 and a one year high of $28.77. The business has a fifty day moving average price of $26.47 and a 200 day moving average price of $23.73.

About Symrise

Symrise AG is a global chemicals and ingredients company headquartered in Holzminden, Germany. It develops, manufactures and markets flavorings, fragrances, cosmetic ingredients, food ingredients and nutritional solutions for customers in the food and beverage, consumer goods, cosmetics, personal care and pet food industries.

The company's products include flavor compounds for food and beverages, fragrance ingredients and finished fragrances for perfumes and household products, as well as active and functional ingredients used in skin care, hair care and other personal care applications.

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