Sika AG (OTCMKTS:SXYAY) Short Interest Down 96.1% in January

Sika AG (OTCMKTS:SXYAY) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,800 shares, a drop of 96.1% from the December 31st total of 45,800 shares. Based on an average daily volume of 401,400 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Separately, Barclays lowered Sika from a “strong-buy” rating to a “strong sell” rating in a report on Monday, January 6th.

Sika Trading Up 1.2 %

OTCMKTS:SXYAY traded up $0.31 during trading hours on Thursday, reaching $25.83. 109,344 shares of the company were exchanged, compared to its average volume of 210,245. Sika has a 1-year low of $23.25 and a 1-year high of $33.52. The business has a 50 day moving average of $24.93 and a 200 day moving average of $28.13.

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.