Short Interest in Syngenta AG Drops By 45.1% (SYT)
Shares of Syngenta AG (NYSE:SYT) were the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 755,959 shares, a decrease of 45.1% from the July 15th total of 1,376,830 shares, Analyst Ratings News reports. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 238,103 shares, the short-interest ratio is currently 3.2 days.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Syngenta AG from a “buy” rating to a “neutral” rating in a research note on Friday, August 15th. Separately, analysts at Zacks downgraded shares of Syngenta AG from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 30th. They now have a $64.00 price target on the stock. Finally, analysts at Berenberg Bank downgraded shares of Syngenta AG from a “buy” rating to a “hold” rating in a research note on Wednesday, July 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $236.50.
Shares of Syngenta AG (NYSE:SYT) opened at 71.95 on Wednesday. Syngenta AG has a 52-week low of $67.25 and a 52-week high of $83.05. The stock has a 50-day moving average of $72.30 and a 200-day moving average of $74.66. The company has a market cap of $32.987 billion and a P/E ratio of 20.29.
Syngenta AG (NYSE:SYT) is an agribusiness operating in the crop protection and seeds businesses.
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