Short Interest in Sika AG (OTCMKTS:SXYAY) Rises By 627.3%

Sika AG (OTCMKTS:SXYAY - Get Free Report) saw a significant increase in short interest in the month of 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. Based on an average daily volume of 359,100 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company's shares are short sold.

Sika Price Performance

SXYAY stock traded down $0.03 during midday trading on Friday, hitting $26.66. The stock had a trading volume of 56,649 shares, compared to its average volume of 178,301. Sika has a 1-year low of $21.00 and a 1-year high of $33.52. The business has a fifty day moving average price of $24.80 and a two-hundred day moving average price of $25.21.

Sika Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SXYAY. Royal Bank of Canada upgraded shares of Sika to a "moderate buy" rating in a report on Tuesday, May 13th. Sanford C. Bernstein upgraded shares of Sika to a "strong-buy" rating in a report on Tuesday, May 13th.

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.