SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Down 71.1% in July

SIKA AG – Unsponsored ADR (OTCMKTS:SXYAY) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 93,100 shares, a decline of 71.1% from the June 30th total of 322,074 shares. Based on an average daily trading volume, of 247,817 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are sold short.

SIKA Trading Up 0.8%

OTCMKTS SXYAY opened at $18.95 on Friday. SIKA has a twelve month low of $15.75 and a twelve month high of $26.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.90. The company’s 50-day simple moving average is $19.57 and its 200 day simple moving average is $18.96.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SXYAY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of SIKA in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SIKA in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded shares of SIKA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

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.