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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 93,100 shares, a decrease of 71.1% from the June 30th total of 322,074 shares. Based on an average daily volume of 247,817 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a research report on Tuesday, May 5th. Zacks Research raised SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

SIKA Stock Performance

SIKA stock opened at $19.70 on Tuesday. The business has a 50 day simple moving average of $19.61 and a 200 day simple moving average of $18.94. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 1.25. SIKA has a one year low of $15.75 and a one year high of $25.77.

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.