SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Down 98.3% in March

Key Points

• Short interest plunged 98.3% to just 88 shares as of March 31, leaving the short-interest ratio at about 0.0 days and roughly 0.0% of shares shorted.
• Wall Street consensus is a Moderate Buy (3 Strong Buy, 2 Buy, 4 Hold), with Citigroup reiterating a buy and Zacks upgrading the stock to hold.
• SIKA traded up 1.3% to $17.51 on Friday on volume of 103,210 (below its reported average), with a 1‑year range of $15.75–$27.52 and 50-/200-day moving averages of $18.40 and $19.61.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 88 shares, a decline of 98.3% from the March 15th total of 5,330 shares. Based on an average daily volume of 705,055 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SXYAY. Citigroup reissued a "buy" rating on shares of SIKA in a report on Thursday, January 8th. Zacks Research upgraded shares of SIKA from a "strong sell" rating to a "hold" rating in a report on Monday, March 16th. Three investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

SIKA Trading Up 1.3%

OTCMKTS:SXYAY traded up $0.23 on Friday, reaching $17.51. The stock had a trading volume of 103,210 shares, compared to its average volume of 256,152. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.25 and a quick ratio of 0.90. SIKA has a 1-year low of $15.75 and a 1-year high of $27.52. The stock has a fifty day moving average price of $18.40 and a 200-day moving average price of $19.61.

SIKA Company Profile

Sika AG is a Switzerland-based specialty chemicals company that develops and manufactures systems and products for bonding, sealing, damping, reinforcing and protecting in the building sector and in industrial manufacturing. Founded in 1910 and headquartered in Baar, Switzerland, Sika is best known for its portfolio of construction chemicals and industrial adhesives that serve new construction, refurbishment and industrial production applications.

The company's product range includes concrete admixtures and repair mortars, sealants and adhesives, waterproofing membranes and roofing systems, flooring systems, façade and structural bonding solutions, and vibration-damping and acoustic solutions for industry.

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