SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY) Short Interest Update

Key Points

• Short interest for SIKA AG saw a dramatic increase of 2,280.0% in September, rising from 500 shares at the end of August to 11,900 shares by mid-September.
• Recent analyst ratings for SIKA include an "overweight" rating from Morgan Stanley and a "strong-buy" rating from Goldman Sachs, indicating a generally positive outlook for the stock.
• As of the latest trading session, shares of SIKA AG have been stable at $22.26, with a 12-month trading range between $21.00 and $33.37.

SIKA AG - Unsponsored ADR (OTCMKTS:SXYAY - Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 11,900 shares, an increase of 2,280.0% from the August 31st total of 500 shares. Based on an average trading volume of 574,200 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 574,200 shares, the days-to-cover ratio is presently 0.0 days.

SIKA Trading Down 0.0%

Shares of OTCMKTS SXYAY traded down $0.00 on Tuesday, hitting $22.26. The company's stock had a trading volume of 143,001 shares, compared to its average volume of 214,033. SIKA has a 12-month low of $21.00 and a 12-month high of $33.37. The company has a quick ratio of 1.17, a current ratio of 1.66 and a debt-to-equity ratio of 0.90. The stock has a 50 day moving average of $23.43 and a 200-day moving average of $24.77.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating on shares of SIKA in a research note on Tuesday, September 2nd. The Goldman Sachs Group raised shares of SIKA to a "strong-buy" rating in a report on Tuesday, June 17th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of SIKA in a report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

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.

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