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

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 153,364 shares, an increase of 21.8% from the December 15th total of 125,926 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 528,789 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 528,789 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SXYAY shares. Citigroup restated a “buy” rating on shares of SIKA in a report on Thursday, January 8th. Zacks Research cut shares of SIKA from a “hold” rating to a “strong sell” rating in a research 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. Barclays raised shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of SIKA to a “hold” rating in a research report on Monday, December 8th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

SIKA Stock Down 1.8%

Shares of SXYAY opened at $18.33 on Wednesday. The firm has a fifty day moving average price of $19.76 and a 200-day moving average price of $21.78. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.66 and a quick ratio of 1.17. SIKA has a 12-month low of $18.29 and a 12-month high of $27.52.

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.