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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 93,100 shares, a decline of 71.1% from the June 30th total of 322,074 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 247,817 shares, the short-interest ratio is presently 0.4 days.

SIKA Price Performance

SXYAY opened at $18.95 on Monday. 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 fifty day moving average is $19.57 and its two-hundred day moving average is $18.95. SIKA has a 52 week low of $15.75 and a 52 week high of $26.32.

Wall Street Analysts Forecast Growth

SXYAY has been the topic of a number of recent analyst reports. Zacks Research raised shares of SIKA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 7th. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a research report on Tuesday, May 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SIKA in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, SIKA presently has a consensus rating of “Moderate Buy”.

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.