Symrise AG (OTCMKTS:SYIEY) Sees Significant Drop in Short Interest

Symrise AG (OTCMKTS:SYIEY - Get Free Report) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 17,300 shares, a decrease of 78.7% from the March 15th total of 81,100 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 202,900 shares, the short-interest ratio is presently 0.1 days.

Symrise Stock Performance

SYIEY stock traded up $0.05 during midday trading on Friday, hitting $27.09. The company's stock had a trading volume of 48,108 shares, compared to its average volume of 110,112. The company has a quick ratio of 1.64, a current ratio of 2.97 and a debt-to-equity ratio of 0.61. The stock's 50-day moving average price is $25.68 and its 200 day moving average price is $27.02. Symrise has a 1 year low of $23.96 and a 1 year high of $34.58.

Analysts Set New Price Targets

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

About Symrise

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.