Syngenta AG (SYT) Short Interest Down 76.7% in May

Syngenta AG (NYSE:SYT) saw a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 363,302 shares, a decrease of 76.7% from the May 15th total of 1,560,680 shares. Based on an average daily trading volume, of 435,742 shares, the days-to-cover ratio is currently 0.8 days.

Syngenta AG (NYSE SYT) opened at 92.16 on Friday. The stock has a market cap of $42.50 billion, a P/E ratio of 36.03 and a beta of 0.99. The firm’s 50-day moving average is $92.29 and its 200-day moving average is $86.99. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61.

The business also recently announced an annual dividend, which will be paid on Thursday, July 13th. Shareholders of record on Monday, May 15th will be paid a $1.0065 dividend. This represents a yield of 1.08%. The ex-dividend date of this dividend is Thursday, May 11th.

A number of large investors have recently bought and sold shares of the stock. Checchi Capital Advisers LLC boosted its stake in Syngenta AG by 0.8% in the first quarter. Checchi Capital Advisers LLC now owns 4,610 shares of the basic materials company’s stock worth $408,000 after buying an additional 37 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Syngenta AG by 1.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,088 shares of the basic materials company’s stock worth $539,000 after buying an additional 61 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in Syngenta AG by 2.2% in the first quarter. Advisors Asset Management Inc. now owns 4,969 shares of the basic materials company’s stock worth $440,000 after buying an additional 105 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Syngenta AG by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 1,618 shares of the basic materials company’s stock worth $144,000 after buying an additional 157 shares during the last quarter. Finally, Creative Planning boosted its stake in Syngenta AG by 12.8% in the first quarter. Creative Planning now owns 1,656 shares of the basic materials company’s stock worth $147,000 after buying an additional 188 shares during the last quarter. Institutional investors own 8.89% of the company’s stock.

SYT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Syngenta AG from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Jefferies Group LLC set a $91.00 price objective on shares of Syngenta AG and gave the stock a “hold” rating in a research report on Saturday, March 25th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $95.73.

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Syngenta AG Company Profile

Syngenta AG (Syngenta) is an agribusiness company. The Company operates in the crop protection and seeds business, which is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality, and in the lawn and garden business, which provides professional growers and consumers with flowers, turf and landscape, and professional pest management products.

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