Symrise AG (OTCMKTS:SYIEY) Sees Large Increase in Short Interest

Symrise AG (OTCMKTS:SYIEY - Get Free Report) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 68,400 shares, an increase of 295.4% from the March 31st total of 17,300 shares. Based on an average daily trading volume, of 278,500 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Symrise Stock Performance

OTCMKTS:SYIEY traded down $0.22 during midday trading on Thursday, reaching $28.47. 56,184 shares of the company traded hands, compared to its average volume of 106,107. Symrise has a twelve month low of $23.96 and a twelve month high of $34.58. The company has a current ratio of 2.97, a quick ratio of 1.64 and a debt-to-equity ratio of 0.61. The company has a fifty day moving average price of $26.02 and a 200 day moving average price of $26.83.

Analysts Set New Price Targets

Separately, Citigroup upgraded shares of Symrise from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 14th.

About Symrise

Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients in Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. It operates through two segments, Taste, Nutrition & Health; and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and product 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 fish feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.