Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Short Interest Update

Key Points

• Short interest in Symrise AG Unsponsored ADR surged by 450.0% in July, increasing from 400 shares to 2,200 shares, indicating a notable shift in market sentiment.
• Analysts at Baader Bank have upgraded Symrise to a "buy" rating, which could positively influence investor perception and stock performance.
• Symrise has announced a dividend payment of $0.1762 per share, reflecting a substantial yield of 60.0%, although details regarding its sustainability were not discussed.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 2,200 shares, agrowthof450.0% from the July 15th total of 400 shares. Based on an average trading volume of 163,700 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average trading volume of 163,700 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Baader Bank raised shares of Symrise to a "buy" rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

Symrise Stock Up 2.6%

Shares of SYIEY stock traded up $0.6050 during trading on Tuesday, reaching $24.0350. The company's stock had a trading volume of 164,841 shares, compared to its average volume of 108,204. Symrise has a one year low of $22.26 and a one year high of $34.58. The business has a fifty day moving average price of $25.87 and a 200-day moving average price of $26.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.95 and a current ratio of 1.61.

Symrise Company Profile

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.