Short Interest in Sika AG (OTCMKTS:SXYAY) Decreases By 32.5%

Sika AG (OTCMKTS:SXYAY) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 5,200 shares, a drop of 32.5% from the March 31st total of 7,700 shares. Based on an average daily volume of 88,600 shares, the short-interest ratio is currently 0.1 days.

Sika Trading Up 2.5 %

Sika stock traded up $0.70 during mid-day trading on Friday, reaching $28.88. The stock had a trading volume of 58,140 shares, compared to its average volume of 56,904. Sika has a fifty-two week low of $23.17 and a fifty-two week high of $32.69. The stock’s 50-day simple moving average is $29.25 and its 200-day simple moving average is $28.10.

Sika Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 18th. Shareholders of record on Tuesday, April 2nd were paid a $0.1626 dividend. The ex-dividend date of this dividend was Monday, April 1st.

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, and decorative finishes for exterior and interior walls, as well as exterior insulation finishing systems; admixtures and additives for concrete, cement, and mortar production; and flat roofing systems, including flexible sheets and liquid-applied membranes under the Sika Sarnafil brand, as well as vapor control layers, adhesives, insulation, fixation, roof drainages, leak monitoring and detection systems, and accessories.