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

Sika AG (OTCMKTS:SXYAY - Get Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 16,900 shares, an increase of 838.9% from the January 15th total of 1,800 shares. Based on an average daily volume of 400,300 shares, the days-to-cover ratio is presently 0.0 days.

Sika Stock Up 0.9 %

Sika stock traded up $0.25 during trading hours on Monday, hitting $26.84. 81,926 shares of the company traded hands, compared to its average volume of 178,564. The firm's 50-day simple moving average is $24.84 and its two-hundred day simple moving average is $27.78. Sika has a 1-year low of $23.25 and a 1-year high of $33.52.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded shares of 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.