SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Down 53.6% in August

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 57,689 shares, a decrease of 53.6% from the August 15th total of 124,207 shares. Based on an average daily trading volume, of 127,463 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Citigroup restated a “buy” rating on shares of SIKA in a report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a research report on Wednesday, July 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SIKA in a research note on Wednesday, July 29th. Finally, Zacks Research upgraded SIKA from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SIKA Stock Down 1.8%

SXYAY opened at $22.20 on Tuesday. SIKA has a 1-year low of $15.75 and a 1-year high of $24.21. The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 0.62. The company has a fifty day moving average price of $22.17 and a two-hundred day moving average price of $19.83.

SIKA Company Profile

Sika AG is a Switzerland-based specialty chemicals company that develops and manufactures products for the construction and industrial manufacturing sectors. Its solutions are used in areas such as concrete production, building sealing, roofing, flooring, waterproofing, structural strengthening, and infrastructure repair.

The company’s product portfolio includes concrete admixtures, mortars, sealants, adhesives, coatings, and systems for protecting and repairing buildings and civil infrastructure.