Short Interest in SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Decreases By 46.7%

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 56,071 shares, a drop of 46.7% from the May 14th total of 105,169 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 1,006,439 shares, the days-to-cover ratio is currently 0.1 days.

SIKA Price Performance

Shares of SXYAY opened at $19.50 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. SIKA has a 12 month low of $15.75 and a 12 month high of $27.52. The stock’s 50 day moving average is $18.38 and its two-hundred day moving average is $18.94.

Analyst Ratings Changes

Several analysts have commented on the company. Zacks Research lowered SIKA from a “hold” rating to a “strong sell” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a report on Friday, May 15th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently 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.