Symrise AG (OTCMKTS:SYIEY) Short Interest Down 86.5% in October

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

Analysts Set New Price Targets

Separately, Citigroup upgraded Symrise to a “hold” rating in a report on Tuesday, October 15th.

Symrise Stock Up 1.0 %

Symrise stock traded up $0.29 during midday trading on Friday, reaching $30.56. 36,552 shares of the company traded hands, compared to its average volume of 49,493. Symrise has a 12 month low of $24.84 and a 12 month high of $34.58. 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 business has a 50 day moving average of $32.76 and a two-hundred day moving average of $30.60.

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.