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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 57,689 shares, a decline of 53.6% from the August 15th total of 124,207 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 127,463 shares, the short-interest ratio is presently 0.5 days.

SIKA Price Performance

OTCMKTS SXYAY opened at $21.97 on Wednesday. The business’s fifty day moving average is $22.19 and its 200 day moving average is $19.84. SIKA has a fifty-two week low of $15.75 and a fifty-two week high of $24.21. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SXYAY shares. Citigroup restated a “buy” rating on shares of SIKA in a research note on Tuesday, August 4th. Royal Bank Of Canada reissued a “sector perform” rating on shares of SIKA in a report on Wednesday, July 29th. Zacks Research upgraded SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SIKA in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

SIKA Company Profile

Sika AG is a Switzerland-based specialty chemicals company that develops and manufactures products for the construction and industrial manufacturing sectors. Its solutions are used in areas such as concrete production, building sealing, roofing, flooring, waterproofing, structural strengthening, and infrastructure repair.

The company’s product portfolio includes concrete admixtures, mortars, sealants, adhesives, coatings, and systems for protecting and repairing buildings and civil infrastructure.