Short Interest in Sika AG (OTCMKTS:SXYAY) Decreases By 96.1%

Sika AG (OTCMKTS:SXYAY) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,800 shares, a drop of 96.1% from the December 31st total of 45,800 shares. Based on an average trading volume of 401,400 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

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

Sika Price Performance

OTCMKTS:SXYAY traded up $0.31 on Thursday, hitting $25.83. The company’s stock had a trading volume of 109,344 shares, compared to its average volume of 210,245. Sika has a one year low of $23.25 and a one year high of $33.52. The stock has a fifty day moving average of $24.93 and a two-hundred day moving average of $28.13.

About Sika

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.