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

Sika AG (OTCMKTS:SXYAY - Get Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 26,200 shares, an increase of 35.1% from the February 28th total of 19,400 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 477,700 shares, the days-to-cover ratio is presently 0.1 days.

Sika Stock Down 2.7 %

SXYAY traded down $0.66 during midday trading on Friday, hitting $23.50. The company's stock had a trading volume of 138,499 shares, compared to its average volume of 153,309. Sika has a 52-week low of $23.25 and a 52-week high of $33.52. The firm has a 50-day moving average price of $25.70 and a two-hundred day moving average price of $26.72.

Sika Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, March 28th will be given a dividend of $0.2025 per share. The ex-dividend date of this dividend is Friday, March 28th. This is an increase from Sika's previous dividend of $0.16.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered Sika from a "strong-buy" rating to a "strong sell" rating in a research note 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.