SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY) Sees Large Drop in Short Interest

Key Points

• SIKA AG experienced a significant drop in short interest, falling 88.4% to 500 shares as of August 31st, with a current short-interest ratio of 0.0 days.
• Several analysts have rated SIKA stock positively, with Morgan Stanley maintaining an "overweight" rating and Goldman Sachs upgrading it to a "strong-buy" rating.
• As of Thursday, SIKA stock was trading at $23.27 following a recent increase, with a 52-week range between $21.00 and $33.52.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 500 shares, a decline of 88.4% from the August 15th total of 4,300 shares. Approximately 0.0% of the company's shares are sold short. Based on an average daily volume of 375,200 shares, the short-interest ratio is currently 0.0 days. Based on an average daily volume of 375,200 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company's shares are sold short.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SXYAY shares. Morgan Stanley restated an "overweight" rating on shares of SIKA in a research note on Tuesday, September 2nd. The Goldman Sachs Group upgraded SIKA to a "strong-buy" rating in a report on Tuesday, June 17th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of SIKA in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, SIKA presently has an average rating of "Buy".

SIKA Stock Performance

SXYAY stock traded up $0.28 during mid-day trading on Thursday, reaching $23.27. The company had a trading volume of 28,731 shares, compared to its average volume of 202,324. SIKA has a 52 week low of $21.00 and a 52 week high of $33.52. The stock has a 50 day simple moving average of $24.27 and a two-hundred day simple moving average of $25.09. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

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.

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