SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Down 57.0% in August

Key Points

• Short interest in SIKA AG fell significantly by 57.0% in August, bringing the total to 4,300 shares from 10,000 shares as of July 31st.
• Several investment firms have recently upgraded SIKA's stock rating to "strong-buy," contributing to an overall average rating of "Buy" from analysts.
• SIKA AG's stock traded down slightly to $22.63, with a fifty-two week trading range between $21.00 and $33.52.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) was the recipient of a large drop in short interest during the month of August. As of August 15th, there was short interest totaling 4,300 shares, adropof57.0% from the July 31st total of 10,000 shares. Based on an average daily trading volume, of 365,900 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 365,900 shares, the days-to-cover ratio is presently 0.0 days.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SXYAY shares. Morgan Stanley reiterated an "overweight" rating on shares of SIKA in a research report on Tuesday, September 2nd. Royal Bank Of Canada reiterated an "outperform" rating on shares of SIKA in a research report on Wednesday, July 30th. The Goldman Sachs Group upgraded SIKA to a "strong-buy" rating in a research report on Tuesday, June 17th. Finally, Sanford C. Bernstein upgraded SIKA to a "strong-buy" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy".

SIKA Price Performance

OTCMKTS SXYAY traded up $0.37 during trading hours on Monday, reaching $23.55. 329,822 shares of the company's stock traded hands, compared to its average volume of 204,820. SIKA has a 52-week low of $21.00 and a 52-week high of $33.52. The firm has a 50-day simple moving average of $24.50 and a 200 day simple moving average of $25.13. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.77.

About SIKA

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.