Sika AG (OTCMKTS:SXYAY) Short Interest Down 21.4% in March

Sika AG (OTCMKTS:SXYAY) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 20,600 shares, a decrease of 21.4% from the March 15th total of 26,200 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 173,700 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

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

Sika Stock Down 1.0 %

OTCMKTS SXYAY traded down $0.23 during trading hours on Monday, reaching $23.65. The company’s stock had a trading volume of 163,701 shares, compared to its average volume of 174,282. The firm has a fifty day simple moving average of $25.09 and a 200-day simple moving average of $25.85. Sika has a 52 week low of $21.00 and a 52 week high of $33.52.

Sika Increases Dividend

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

Sika Company Profile

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.