Sika AG (OTCMKTS:SXYAY) Short Interest Down 21.4% in March

Sika AG (OTCMKTS:SXYAY - Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 20,600 shares, a drop of 21.4% from the March 15th total of 26,200 shares. Approximately 0.0% of the company's stock are sold short. Based on an average trading volume of 173,700 shares, the short-interest ratio is currently 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 report on Monday, January 6th.

Sika Price Performance

OTCMKTS SXYAY traded down $0.23 during trading on Tuesday, reaching $23.65. 163,701 shares of the company's stock were exchanged, compared to its average volume of 174,282. Sika has a fifty-two week low of $21.00 and a fifty-two week high of $33.52. The business has a 50 day moving average price of $25.05 and a 200-day moving average price of $25.80.

Sika Increases Dividend

The company also recently announced a dividend, which was paid on Tuesday, April 15th. Stockholders of record on Friday, March 28th were paid a dividend of $0.2025 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a positive change from Sika's previous dividend of $0.16.

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.