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

Symrise AG (OTCMKTS:SYIEF) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 709,400 shares, an increase of 19.4% from the May 31st total of 594,200 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 1,182.3 days.

Symrise Stock Performance

SYIEF remained flat at $123.13 during trading on Friday. 92 shares of the company traded hands, compared to its average volume of 695. The firm’s 50 day moving average price is $114.23 and its two-hundred day moving average price is $110.73. Symrise has a one year low of $93.05 and a one year 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.