SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Sees Large Increase in Short Interest

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 105,169 shares, an increase of 219.2% from the April 30th total of 32,945 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 401,359 shares, the days-to-cover ratio is currently 0.3 days.

SIKA Stock Performance

SIKA stock opened at $19.54 on Friday. The firm’s fifty day simple moving average is $17.86 and its 200-day simple moving average is $18.95. SIKA has a 1-year low of $15.75 and a 1-year high of $27.52. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 1.25.

Analyst Ratings Changes

SXYAY has been the subject of several research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Zacks Research lowered SIKA from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a research note on Friday, May 15th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

SIKA Company Profile

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.