Symrise AG (OTCMKTS:SYIEF) Sees Significant Increase in Short Interest

Symrise AG (OTCMKTS:SYIEF) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 241,500 shares, an increase of 25.4% from the October 15th total of 192,600 shares. Based on an average daily trading volume, of 200 shares, the days-to-cover ratio is currently 1,207.5 days.

Symrise Price Performance

Shares of Symrise stock opened at $113.44 on Friday. Symrise has a fifty-two week low of $100.10 and a fifty-two week high of $137.65. The business has a 50-day moving average price of $131.04 and a 200 day moving average price of $123.09.

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.