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

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

Sika Stock Performance

SXYAY stock traded down $0.07 during mid-day trading on Tuesday, reaching $25.78. The company had a trading volume of 293,256 shares, compared to its average volume of 222,880. Sika has a one year low of $23.25 and a one year high of $33.52. The stock’s 50-day simple moving average is $24.95 and its two-hundred day simple moving average is $28.18.

Analysts Set New Price Targets

Separately, Barclays cut Sika from a “strong-buy” rating to a “strong sell” rating in a research note 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.