SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Up 355.8% in February

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 71,428 shares, a growth of 355.8% from the January 29th total of 15,670 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 310,456 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 310,456 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

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

SIKA Stock Down 1.2%

Shares of OTCMKTS:SXYAY opened at $20.45 on Friday. The firm has a 50 day moving average of $19.91 and a 200-day moving average of $20.85. 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.

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.