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

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

Wall Street Analyst Weigh In

Several brokerages have commented on SXYAY. Zacks Research cut shares of SIKA from a “hold” rating to a “strong sell” rating in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SIKA in a research note on Friday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of SIKA in a report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, SIKA currently has an average rating of “Moderate Buy”.

SIKA Trading Down 3.7%

SXYAY stock opened at $17.47 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 twelve month low of $15.75 and a twelve month high of $27.52. The company’s 50 day moving average is $17.65 and its two-hundred day moving average is $19.00.

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.