Sika AG (OTCMKTS:SXYAY – Get Rating) was the recipient of a significant decline in short interest in the month of August. As of August 15th, there was short interest totalling 8,100 shares, a decline of 50.6% from the July 31st total of 16,400 shares. Based on an average trading volume of 192,200 shares, the short-interest ratio is presently 0.0 days.
Sika Price Performance
OTCMKTS SXYAY traded down $1.09 during trading on Friday, reaching $22.79. 74,530 shares of the company's stock were exchanged, compared to its average volume of 149,956. The business has a 50 day moving average price of $23.74 and a 200-day moving average price of $27.92. Sika has a fifty-two week low of $21.60 and a fifty-two week high of $41.94.
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Analysts Set New Price Targets
Several brokerages recently issued reports on SXYAY. Credit Suisse Group lowered their price target on Sika from CHF 414 to CHF 384 and set an "outperform" rating on the stock in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. lowered their price objective on Sika from CHF 333 to CHF 277 in a research note on Monday, July 25th. Berenberg Bank upped their price objective on Sika from CHF 325 to CHF 370 in a research note on Friday, May 20th. Finally, Barclays lowered their price objective on Sika from CHF 320 to CHF 310 in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $349.20.
Sika Company Profile
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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 automotive industry worldwide. It offers tile adhesives and grouts, and systems for under-tile waterproofing and sound reduction, as well as renders and decorative finishes for exterior and interior walls; and develops and markets various admixtures and additives for use in concrete, cement, and mortar production, as well as flat roofing systems.
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