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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 14,895 shares, a drop of 90.3% from the December 31st total of 153,364 shares. Based on an average daily trading volume, of 268,341 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 268,341 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

SXYAY has been the topic of several research analyst reports. Barclays upgraded shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Deutsche Bank Aktiengesellschaft lowered SIKA to a “hold” rating in a research note on Monday, December 8th. Zacks Research cut SIKA from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 9th. Royal Bank Of Canada lowered shares of SIKA from a “moderate buy” rating to a “hold” rating in a report on Monday, December 8th. Finally, Citigroup reissued a “buy” rating on shares of SIKA in a research note on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

SIKA Trading Up 2.1%

SIKA stock opened at $19.24 on Wednesday. The firm has a 50-day moving average price of $19.72 and a 200-day moving average price of $21.52. SIKA has a 12-month low of $18.29 and a 12-month high of $27.52. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.17 and a current ratio of 1.66.

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.