Sika AG (OTCMKTS:SXYAY) Short Interest Update

Sika AG (OTCMKTS:SXYAY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 26,200 shares, an increase of 35.1% from the February 28th total of 19,400 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 477,700 shares, the short-interest ratio is currently 0.1 days.

Sika Trading Down 1.5 %

OTCMKTS:SXYAY traded down $0.38 on Tuesday, hitting $24.21. 144,530 shares of the company’s stock were exchanged, compared to its average volume of 153,173. The firm has a 50-day moving average price of $25.78 and a 200-day moving average price of $26.82. Sika has a 52 week low of $23.25 and a 52 week high of $33.52.

Sika Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be paid a $0.2025 dividend. The ex-dividend date is Friday, March 28th. This is a boost from Sika’s previous dividend of $0.16.

Wall Street Analyst Weigh In

Separately, Barclays cut Sika from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 6th.

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.