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

Key Points

• Symrise AG's short interest increased by 33.3% in July, reaching a total of 400 shares as of July 15th.
• The company's shares traded down 3.1% to $24.29, with a twelve-month trading range between $23.96 and $34.58.
• Citigroup upgraded Symrise from a "hold" rating to a "strong-buy" rating, indicating positive expectations for the company's growth.

Symrise AG Unsponsored ADR (OTCMKTS:SYIEY - Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 400 shares, anincreaseof33.3% from the June 30th total of 300 shares. Approximately0.0% of the company's stock are short sold. Based on an average daily trading volume, of 359,300 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 359,300 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the company's stock are short sold.

Symrise Trading Down 0.3%

Shares of OTCMKTS SYIEY traded down $0.06 during mid-day trading on Friday, reaching $22.55. The company had a trading volume of 126,609 shares, compared to its average volume of 142,085. 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 firm has a 50 day simple moving average of $27.33 and a two-hundred day simple moving average of $26.74. Symrise has a 52-week low of $22.26 and a 52-week high of $34.58.

Symrise Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a dividend of $0.1762 per share. This represents a yield of 60.0%. The ex-dividend date of this dividend was Thursday, May 22nd.

Analysts Set New Price Targets

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

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.