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

Symrise AG (OTCMKTS:SYIEY) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 4,600 shares, an increase of 666.7% from the December 31st total of 600 shares. Based on an average daily trading volume, of 243,500 shares, the days-to-cover ratio is currently 0.0 days.

Symrise Stock Performance

Shares of Symrise stock traded down $0.02 on Tuesday, hitting $26.72. 70,605 shares of the company traded hands, compared to its average volume of 130,316. Symrise has a 12-month low of $24.68 and a 12-month high of $34.58. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.64 and a current ratio of 2.97. The firm’s 50-day simple moving average is $26.46 and its 200 day simple moving average is $29.74.

Analysts Set New Price Targets

SYIEY has been the topic of a number of research analyst reports. Barclays upgraded Symrise to a “hold” rating in a research note on Monday, November 18th. Citigroup upgraded shares of Symrise to a “hold” rating in a research report on Tuesday, October 15th.

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.