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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 14,895 shares, a decrease of 90.3% from the December 31st total of 153,364 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 268,341 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 268,341 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

SIKA Trading Up 2.1%

Shares of OTCMKTS:SXYAY traded up $0.40 during trading hours on Tuesday, reaching $19.24. The stock had a trading volume of 116,552 shares, compared to its average volume of 179,504. SIKA has a 1 year low of $18.29 and a 1 year high of $27.52. The firm’s 50 day moving average is $19.72 and its 200-day moving average is $21.52. The company has a current ratio of 1.66, a quick ratio of 1.17 and a debt-to-equity ratio of 0.90.

Analysts Set New Price Targets

SXYAY has been the subject of several recent research reports. Zacks Research lowered shares of SIKA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada cut shares of SIKA from a “moderate buy” rating to a “hold” rating in a research report on Monday, December 8th. Deutsche Bank Aktiengesellschaft downgraded shares of SIKA to a “hold” rating in a research note on Monday, December 8th. Citigroup reiterated a “buy” rating on shares of SIKA in a research note on Thursday, January 8th. Finally, Barclays raised SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Three equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SIKA presently 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.