Short Interest in SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Declines By 78.3%

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 5,000 shares, a drop of 78.3% from the September 30th total of 23,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 518,400 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 518,400 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

SIKA Trading Down 4.2%

Shares of SIKA stock opened at $21.11 on Tuesday. The business has a fifty day simple moving average of $22.57 and a 200-day simple moving average of $24.44. The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity ratio of 0.90. SIKA has a 12 month low of $21.00 and a 12 month high of $29.14.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SXYAY shares. Royal Bank Of Canada reissued an “outperform” rating on shares of SIKA in a research note on Wednesday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of SIKA in a research note on Tuesday, September 2nd. Rothschild Redb raised SIKA from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Citigroup reissued a “neutral” rating on shares of SIKA in a research note on Friday, October 10th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

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.