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

Sika AG (OTCMKTS:SXYAY) saw a large growth in short interest in the month of 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 daily trading volume, of 462,800 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Sika Price Performance

OTCMKTS:SXYAY traded down $0.07 on Tuesday, reaching $25.78. The stock had a trading volume of 293,256 shares, compared to its average volume of 222,880. The firm’s fifty day moving average is $24.95 and its two-hundred day moving average is $28.18. Sika has a 12-month low of $23.25 and a 12-month high of $33.52.

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.