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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the recipient of a significant drop in short interest during 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. Based on an average daily volume of 1,006,439 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

SIKA Stock Up 3.8%

Shares of SXYAY stock opened at $19.50 on Friday. The stock has a 50 day moving average of $18.38 and a 200 day moving average of $18.94. The company has a current ratio of 1.25, a quick ratio of 0.90 and a debt-to-equity ratio of 0.62. SIKA has a twelve month low of $15.75 and a twelve month high of $27.52.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SXYAY. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a research note on Tuesday, May 5th. Zacks Research cut SIKA from a “hold” rating to a “strong sell” rating in a research note on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SIKA in a research note on Friday, May 15th. Two investment 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About SIKA

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.