SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Down 98.3% in March
by Kim Johansen · The Markets DailySIKA AG – Unsponsored ADR (OTCMKTS:SXYAY – Get Free Report) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totaling 88 shares, a drop of 98.3% from the March 15th total of 5,330 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 705,055 shares, the short-interest ratio is presently 0.0 days.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of SIKA in a report on Thursday, January 8th. Zacks Research upgraded SIKA from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Get Our Latest Analysis on SIKA
SIKA Trading Up 1.3%
SIKA stock traded up $0.23 during trading hours on Friday, reaching $17.51. 103,210 shares of the company’s stock traded hands, compared to its average volume of 256,152. SIKA has a fifty-two week low of $15.75 and a fifty-two week high of $27.52. The firm’s 50 day moving average is $18.40 and its 200-day moving average is $19.61. 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 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.