Sika AG (OTCMKTS:SXYAY) Short Interest Up 311.3% in May

Sika AG (OTCMKTS:SXYAY - Get Free Report) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 32,900 shares, an increase of 311.3% from the May 15th total of 8,000 shares. Based on an average daily volume of 436,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Sika Price Performance

OTCMKTS:SXYAY traded down $0.92 on Friday, reaching $25.87. 100,320 shares of the company's stock traded hands, compared to its average volume of 184,720. The stock has a 50-day simple moving average of $25.39 and a 200-day simple moving average of $25.24. Sika has a 12 month low of $21.00 and a 12 month high of $33.52.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Royal Bank of Canada raised Sika to a "moderate buy" rating in a report on Tuesday, May 13th. Sanford C. Bernstein raised Sika to a "strong-buy" rating in a report on Tuesday, May 13th.

Sika Company Profile

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company offers tile adhesives and grouts, systems for under-tile waterproofing, sound reduction, renders, decorative finishes for exterior and interior walls, as well as exterior insulation finishing system; develops admixtures and additives for concrete, cement, and mortar production; and flat roofing systems.