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

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

SIKA Trading Down 3.5%

Shares of SIKA stock opened at $16.79 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity ratio of 0.90. SIKA has a 52 week low of $16.78 and a 52 week high of $27.52. The business’s fifty day simple moving average is $19.50 and its 200-day simple moving average is $20.48.

Analysts Set New Price Targets

SXYAY has been the subject of several analyst reports. Royal Bank Of Canada cut 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 report on Friday, November 28th. Zacks Research lowered shares of SIKA from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 9th. Deutsche Bank Aktiengesellschaft cut shares of SIKA to a “hold” rating in a research report on Monday, December 8th. Finally, Citigroup reiterated a “buy” rating on shares of SIKA in a report on Thursday, January 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 data from MarketBeat, SIKA 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.