SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Sees Large Increase in Short Interest

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 105,169 shares, a growth of 219.2% from the April 30th total of 32,945 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 401,359 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on SXYAY shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SIKA in a report on Friday, May 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SIKA in a research report on Tuesday, May 5th. Finally, Zacks Research downgraded shares of SIKA from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

SIKA Stock Up 0.6%

SIKA stock opened at $19.54 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.90. The firm has a 50-day moving average price of $17.86 and a two-hundred day moving average price of $18.95. SIKA has a 52-week low of $15.75 and a 52-week high of $27.52.

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.