SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Sees Significant Decline in Short Interest

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 93,100 shares, a decrease of 71.1% from the June 30th total of 322,074 shares. Based on an average daily volume of 247,817 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

SIKA Stock Up 0.8%

OTCMKTS SXYAY opened at $18.95 on Friday. SIKA has a 52 week low of $15.75 and a 52 week high of $26.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.90. The stock has a fifty day moving average of $19.57 and a 200-day moving average of $18.96.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SXYAY shares. Zacks Research raised shares of SIKA from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SIKA in a research note on Thursday, July 2nd. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About SIKA

Sika AG is a Switzerland-based specialty chemicals company that develops and manufactures systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and in industrial manufacturing. Founded in 1910 and headquartered in Baar, Switzerland, Sika is best known for its portfolio of construction chemicals and industrial adhesives that serve new construction, refurbishment and industrial production applications.

The company’s product range includes concrete admixtures and repair mortars, sealants and adhesives, waterproofing membranes and roofing systems, flooring systems, façade and structural bonding solutions, and vibration-damping and acoustic solutions for industry.