Short Interest in Sika AG (OTCMKTS:SXYAY) Increases By 874.5%

Sika AG (OTCMKTS:SXYAY) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 45,800 shares, a growth of 874.5% from the December 31st total of 4,700 shares. Based on an average trading volume of 462,800 shares, the days-to-cover ratio is currently 0.1 days.

Sika Stock Performance

Shares of SXYAY stock traded up $0.31 during trading hours on Thursday, reaching $25.83. 109,344 shares of the company’s stock were exchanged, compared to its average volume of 210,245. Sika has a fifty-two week low of $23.25 and a fifty-two week high of $33.52. The stock’s 50 day moving average is $24.93 and its 200-day moving average is $28.13.

Wall Street Analysts Forecast Growth

Separately, Barclays cut 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.