Short Interest in Symrise AG (OTCMKTS:SYIEY) Decreases By 86.5%

by · The Markets Daily

Symrise AG (OTCMKTS:SYIEY – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totalling 1,900 shares, a drop of 86.5% from the September 30th total of 14,100 shares. Based on an average trading volume of 66,100 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised shares of Symrise to a “hold” rating in a research note on Tuesday, October 15th.

Check Out Our Latest Stock Analysis on Symrise

Symrise Price Performance

Symrise stock traded up $0.29 during mid-day trading on Friday, hitting $30.56. 36,552 shares of the company were exchanged, compared to its average volume of 49,493. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.64 and a current ratio of 2.97. Symrise has a 12-month low of $24.84 and a 12-month high of $34.58. The business’s 50 day simple moving average is $32.76 and its two-hundred day simple moving average is $30.60.

About Symrise

(Get Free Report)

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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