Sika AG (OTCMKTS:SXYAY) Sees Significant Decrease in Short Interest

Sika AG (OTCMKTS:SXYAY) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 20,600 shares, a decline of 21.4% from the March 15th total of 26,200 shares. Based on an average daily volume of 173,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Sika Stock Up 0.8 %

Shares of SXYAY stock traded up $0.19 during mid-day trading on Friday, hitting $23.88. The company’s stock had a trading volume of 110,887 shares, compared to its average volume of 174,312. Sika has a 52-week low of $21.00 and a 52-week high of $33.52. The business has a 50-day moving average price of $25.09 and a 200 day moving average price of $25.89.

Sika Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were given a dividend of $0.2025 per share. This is an increase from Sika’s previous dividend of $0.16. The ex-dividend date of this dividend was Friday, March 28th.

Analyst Ratings Changes

Separately, Barclays cut shares of Sika from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 6th.

Sika Company Profile

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company offers tile adhesives and grouts, systems for under-tile waterproofing, sound reduction, renders, decorative finishes for exterior and interior walls, as well as exterior insulation finishing system; develops admixtures and additives for concrete, cement, and mortar production; and flat roofing systems.