Merck KGaA (OTCMKTS:MKKGY) Short Interest Update

Merck KGaA (OTCMKTS:MKKGY) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 700 shares, a decline of 95.3% from the September 30th total of 15,000 shares. Based on an average daily trading volume, of 215,500 shares, the short-interest ratio is currently 0.0 days.

Merck KGaA Stock Down 0.2 %

Shares of OTCMKTS:MKKGY traded down $0.06 during mid-day trading on Friday, hitting $33.58. 64,697 shares of the company traded hands, compared to its average volume of 66,691. The stock has a 50-day moving average price of $36.15 and a two-hundred day moving average price of $35.04. Merck KGaA has a 12-month low of $28.59 and a 12-month high of $39.17.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group initiated coverage on Merck KGaA in a research note on Thursday, September 19th. They set a “buy” rating on the stock.

Merck KGaA Company Profile

Merck KGaA operates as a science and technology company in Germany. It operates through Life Science, Healthcare, and Electronics segments. The company’s Life Science segment offers tools, chemicals, and equipment for academic labs, biotech, and pharmaceutical manufacturers, as well as industrial sector.