SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Down 37.1% in July

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) saw a significant drop in short interest during 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 daily trading volume, of 196,700 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.0% of the company's stock are short sold. Approximately0.0% of the company's stock are short sold. Based on an average daily trading volume, of 196,700 shares, the days-to-cover ratio is presently 0.1 days.

SIKA Price Performance

SIKA stock traded up $0.40 during midday trading on Friday, hitting $23.67. 111,687 shares of the company were exchanged, compared to its average volume of 167,663. SIKA has a fifty-two week low of $21.00 and a fifty-two week high of $33.5175. The business has a fifty day simple moving average of $25.19 and a two-hundred day simple moving average of $25.35. The company has a quick ratio of 1.24, a current ratio of 1.76 and a debt-to-equity ratio of 0.77.

Analyst Upgrades and Downgrades

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

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.