SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Update

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 48,340 shares, a decline of 32.3% from the February 12th total of 71,428 shares. Based on an average daily volume of 516,696 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 516,696 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on SXYAY. Citigroup reiterated a “buy” rating on shares of SIKA in a report on Thursday, January 8th. Zacks Research cut SIKA from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada downgraded 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 shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Three equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

SIKA Trading Down 3.0%

Shares of OTCMKTS SXYAY opened at $17.39 on Friday. The business has a 50 day simple moving average of $19.58 and a 200 day simple moving average of $20.52. SIKA has a 52 week low of $17.36 and a 52 week high of $27.52. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.66 and a quick ratio of 1.17.

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.