Short Interest in SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Drops By 46.7%

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the target of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 56,071 shares, a drop of 46.7% from the May 14th total of 105,169 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,006,439 shares, the days-to-cover ratio is presently 0.1 days.

SIKA Stock Up 1.8%

OTCMKTS SXYAY opened at $19.84 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $18.45 and a two-hundred day moving average price of $18.94. SIKA has a 12-month low of $15.75 and a 12-month high of $27.52.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a report on Friday, May 15th. Zacks Research cut shares of SIKA from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Two 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 given a Sell rating to the company’s stock. According to 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.