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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 32,945 shares, a decrease of 56.3% from the April 15th total of 75,331 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 572,713 shares, the short-interest ratio is currently 0.1 days.

SIKA Stock Down 3.7%

Shares of SIKA stock opened at $17.47 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 1.25. The stock’s 50-day simple moving average is $17.65 and its 200-day simple moving average is $19.00. SIKA has a 52 week low of $15.75 and a 52 week high of $27.52.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SXYAY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Zacks Research downgraded shares of SIKA from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

SIKA Company Profile

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.