Short Interest in SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY) Drops By 37.1%

Key Points

• SIKA AG experienced a significant reduction in short interest, decreasing by 37.1% in July, with only 10,000 shares shorted as of July 31st.
• Wall Street analysts have a positive outlook, with Goldman Sachs and Sanford C. Bernstein upgrading shares of SIKA to a "strong-buy" rating earlier this year.
• SIKA's stock opened at $23.26 and has fluctuated between a twelve-month low of $21.00 and a high of $33.52.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,000 shares, adropof37.1% from the July 15th total of 15,900 shares. Based on an average trading volume of 196,700 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the company's shares are short sold. Approximately0.0% of the company's shares are short sold. Based on an average trading volume of 196,700 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SXYAY shares. The Goldman Sachs Group upgraded shares of SIKA to a "strong-buy" rating in a report on Tuesday, June 17th. Royal Bank Of Canada reiterated an "outperform" rating on shares of SIKA in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein upgraded shares of SIKA to a "strong-buy" rating in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, SIKA has an average rating of "Buy".

SIKA Price Performance

Shares of OTCMKTS:SXYAY traded up $0.44 during midday trading on Friday, reaching $23.71. The company had a trading volume of 92,789 shares, compared to its average volume of 203,770. The company has a fifty day simple moving average of $25.24 and a two-hundred day simple moving average of $25.36. The company has a current ratio of 1.76, a quick ratio of 1.24 and a debt-to-equity ratio of 0.77. SIKA has a 1-year low of $21.00 and a 1-year high of $33.5175.

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.