Sika AG (OTCMKTS:SXYAY) Sees Significant Drop in Short Interest

Sika AG (OTCMKTS:SXYAY - Get Free Report) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 20,600 shares, a decrease of 21.4% from the March 15th total of 26,200 shares. Based on an average daily volume of 173,700 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Barclays cut Sika from a "strong-buy" rating to a "strong sell" rating in a report on Monday, January 6th.

Sika Stock Up 0.2 %

Shares of SXYAY traded up $0.06 during mid-day trading on Wednesday, hitting $23.83. 108,933 shares of the stock were exchanged, compared to its average volume of 173,244. Sika has a 52-week low of $21.00 and a 52-week high of $33.52. The firm has a 50-day moving average of $24.93 and a two-hundred day moving average of $25.77.

Sika Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, April 15th. Investors of record on Friday, March 28th were paid a dividend of $0.2025 per share. This is an increase from Sika's previous dividend of $0.16. The ex-dividend date 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.