Symrise AG Unsponsored ADR (OTCMKTS:SYIEY – Get Free Report) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,714 shares, a growth of 117.1% from the August 31st total of 1,250 shares. Based on an average daily volume of 103,441 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.
Symrise Trading Down 0.2%
Shares of Symrise stock opened at $26.46 on Wednesday. The company has a 50-day moving average of $25.97 and a 200 day moving average of $23.89. Symrise has a 1 year low of $19.31 and a 1 year high of $27.31.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on SYIEY. Sanford C. Bernstein upgraded Symrise to a “hold” rating in a research report on Wednesday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of Symrise in a research note on Thursday, August 27th. Jefferies Financial Group upgraded shares of Symrise from a “hold” rating to a “buy” rating in a research report on Tuesday, September 1st. Citigroup reissued a “buy” rating on shares of Symrise in a research note on Friday. Finally, The Goldman Sachs Group lowered shares of Symrise from a “buy” rating to a “neutral” rating in a report on Monday, June 8th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Symrise has an average rating of “Moderate Buy”.
Symrise Company Profile
Symrise AG is a Germany-based global supplier of flavorings, fragrances, cosmetic ingredients and nutritional solutions. The company develops ingredients and formulation systems used by manufacturers in the food and beverage, consumer goods, fragrance, personal care and health industries.
Its business is organized around areas that include Taste, Scent and Care, and Nutrition. Products and services include flavors for foods and beverages, fragrance compounds for perfumes and household products, functional ingredients for cosmetics and personal care, and ingredients used in dietary supplements, pet food and other nutrition applications.
Symrise was formed in 2003 through the merger of Haarmann & Reimer and Dragoco, two businesses with roots in the European flavor and fragrance industry.
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