Short Interest in SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Decreases By 98.3%

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the target of a large decline in short interest in March. As of March 31st, there was short interest totaling 88 shares, a decline of 98.3% from the March 15th total of 5,330 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 705,055 shares, the days-to-cover ratio is presently 0.0 days.

SIKA Price Performance

Shares of OTCMKTS SXYAY opened at $17.51 on Friday. The firm’s 50-day moving average price is $18.37 and its 200-day moving average price is $19.58. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.90 and a current ratio of 1.25. SIKA has a 12-month low of $15.75 and a 12-month high of $27.52.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SXYAY. Zacks Research upgraded shares of SIKA from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Citigroup restated a “buy” rating on shares of SIKA in a research report on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, 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.