Symrise AG Unsponsored ADR (OTCMKTS:SYIEY) Sees Significant Decrease in Short Interest

Key Points

• Symrise AG's short interest decreased by 68.2% in August, dropping to 700 shares, indicating a significant reduction in bearish sentiment towards the stock.
• Baader Bank upgraded Symrise shares to a "buy" rating, with an average analyst rating of "Buy" from three different analysts.
• The company's stock is currently priced at $24.13, with a 52-week range between $22.26 and $34.58.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 700 shares, adropof68.2% from the July 31st total of 2,200 shares. Based on an average daily volume of 399,900 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 399,900 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Baader Bank upgraded 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 given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Buy".

Symrise Price Performance

OTCMKTS:SYIEY opened at $24.13 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 0.95 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $24.89 and a 200 day moving average of $26.45. Symrise has a 52 week low of $22.26 and a 52 week high of $34.58.

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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