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

Sika AG (OTCMKTS:SXYAY - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 19,400 shares, a growth of 24.4% from the February 13th total of 15,600 shares. Based on an average daily trading volume, of 126,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's stock are sold short.

Sika Price Performance

Shares of Sika stock traded up $0.01 during trading hours on Thursday, hitting $26.23. The company's stock had a trading volume of 72,998 shares, compared to its average volume of 163,154. The business has a 50 day moving average price of $25.58 and a two-hundred day moving average price of $27.18. Sika has a 12-month low of $23.25 and a 12-month high of $33.52.

Sika Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.2025 per share. This is a positive change from Sika's previous dividend of $0.16. The ex-dividend date is Friday, March 28th.

Analysts Set New Price Targets

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

About Sika

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.