SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Up 398.1% in June

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 322,074 shares, an increase of 398.1% from the June 15th total of 64,664 shares. Based on an average daily trading volume, of 498,564 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the stock are sold short.

SIKA Stock Performance

Shares of SXYAY traded up $0.15 during midday trading on Friday, hitting $20.16. 84,087 shares of the company traded hands, compared to its average volume of 185,050. The firm has a 50 day moving average of $19.34 and a 200-day moving average of $19.04. SIKA has a 52 week low of $15.75 and a 52 week high of $26.32. The company has a quick ratio of 0.90, a current ratio of 1.25 and a debt-to-equity ratio of 0.62.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SIKA in a report on Thursday, July 2nd. Royal Bank Of Canada reissued a “sector perform” rating on shares of SIKA in a research note on Tuesday, May 5th. Finally, Zacks Research raised SIKA from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, SIKA 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.