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

Sika AG (OTCMKTS:SXYAY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 7,700 shares, a decrease of 26.7% from the August 15th total of 10,500 shares. Based on an average daily trading volume, of 66,600 shares, the days-to-cover ratio is currently 0.1 days.

Sika Trading Up 0.8 %

SXYAY traded up $0.26 during mid-day trading on Monday, hitting $31.43. The stock had a trading volume of 43,500 shares, compared to its average volume of 57,027. The stock’s fifty day simple moving average is $30.04 and its 200-day simple moving average is $29.72. Sika has a 1-year low of $23.17 and a 1-year high of $32.69.

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, and decorative finishes for exterior and interior walls, as well as exterior insulation finishing systems; admixtures and additives for concrete, cement, and mortar production; and flat roofing systems, including flexible sheets and liquid-applied membranes under the Sika Sarnafil brand, as well as vapor control layers, adhesives, insulation, fixation, roof drainages, leak monitoring and detection systems, and accessories.