Sika AG (OTCMKTS:SXYAY) Sees Large Increase in Short Interest

Sika AG (OTCMKTS:SXYAY - Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totalling 8,000 shares, an increase of 627.3% from the April 30th total of 1,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 359,100 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analyst Weigh In

SXYAY has been the topic of a number of research reports. Sanford C. Bernstein raised shares of Sika to a "strong-buy" rating in a research note on Tuesday, May 13th. Royal Bank of Canada upgraded Sika to a "moderate buy" rating in a report on Tuesday, May 13th.

Sika Price Performance

Sika stock traded down $0.06 during midday trading on Monday, hitting $26.66. 1,660,933 shares of the stock were exchanged, compared to its average volume of 192,868. The stock's 50-day simple moving average is $24.80 and its 200 day simple moving average is $25.19. Sika has a fifty-two week low of $21.00 and a fifty-two week high of $33.52.

Sika Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were given a $0.2025 dividend. This is a positive change from Sika's previous dividend of $0.16. The ex-dividend date of this dividend was Friday, March 28th.

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.