Symrise AG (OTCMKTS:SYIEF) Sees Large Drop in Short Interest

Symrise AG (OTCMKTS:SYIEF) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totalling 492,900 shares, a decline of 30.5% from the June 15th total of 709,400 shares. Based on an average daily volume of 200 shares, the days-to-cover ratio is currently 2,464.5 days.

Symrise Price Performance

OTCMKTS:SYIEF opened at $121.06 on Friday. The stock’s 50-day simple moving average is $116.64 and its 200 day simple moving average is $111.46. Symrise has a 52-week low of $93.05 and a 52-week high of $123.13.

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.