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

Key Points

• Symrise AG's unsponsored ADR saw a dramatic increase in short interest, rising by 6,628.6% in August, with total short interest amounting to 47,100 shares.
• The stock traded down slightly to $23.65, with a short-interest ratio of 0.2 days based on an average daily volume of 241,000 shares.
• Baader Bank upgraded Symrise to a "buy" rating, contributing to a consensus rating of "Buy" among analysts.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 47,100 shares, an increase of 6,628.6% from the August 15th total of 700 shares. Based on an average daily volume of 241,000 shares, the short-interest ratio is presently 0.2 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 241,000 shares, the short-interest ratio is presently 0.2 days.

Symrise Trading Down 0.0%

SYIEY stock traded down $0.01 during midday trading on Thursday, reaching $23.65. The company had a trading volume of 14,777 shares, compared to its average volume of 111,945. The company has a 50 day moving average of $24.52 and a two-hundred day moving average of $26.38. The company has a quick ratio of 0.95, a current ratio of 1.61 and a debt-to-equity ratio of 0.37. Symrise has a 1 year low of $22.26 and a 1 year high of $34.58.

Wall Street Analyst Weigh In

Separately, Baader Bank raised Symrise to a "buy" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Symrise has a consensus rating of "Buy".

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.

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