Sika AG (OTCMKTS:SXYAY) Sees Large Increase in Short Interest

Sika AG (OTCMKTS:SXYAY) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 45,800 shares, an increase of 874.5% from the December 15th total of 4,700 shares. Based on an average daily volume of 462,800 shares, the days-to-cover ratio is presently 0.1 days.

Sika Trading Down 0.3 %

Sika stock traded down $0.07 during trading on Monday, hitting $23.85. 267,297 shares of the company were exchanged, compared to its average volume of 221,333. The company has a market capitalization of $38.27 billion and a P/E ratio of 31.87. The business’s 50 day moving average is $25.51 and its 200 day moving average is $28.48. Sika has a 52 week low of $23.25 and a 52 week high of $33.52.

Analyst Upgrades and Downgrades

Separately, Barclays cut shares of Sika from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, January 6th.

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.