SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Sees Significant Decline in Short Interest

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 23,307 shares, a decrease of 67.8% from the September 30th total of 72,464 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 180,965 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SXYAY. Zacks Research raised shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a report on Wednesday, July 29th. Finally, Citigroup reissued a “buy” rating on shares of SIKA in a research note on Tuesday, August 4th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

SIKA Price Performance

SXYAY opened at $21.27 on Thursday. The firm has a 50 day moving average price of $22.32 and a 200-day moving average price of $20.10. SIKA has a twelve month low of $15.75 and a twelve month high of $24.21.

SIKA Company Profile

SIKA AG is a Switzerland-based specialty chemicals company that develops products and systems for the construction and industrial sectors. Its solutions are designed to improve the durability, performance, and efficiency of buildings, infrastructure, vehicles, and other manufactured products.

The company’s construction portfolio includes concrete admixtures, cement additives, waterproofing systems, roofing and flooring materials, sealants, adhesives, and products used for repairing and protecting concrete.