Merck KGaA (OTCMKTS:MKKGY) Short Interest Update

by · The Markets Daily

Merck KGaA (OTCMKTS:MKKGY – Get Free Report) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 16,700 shares, an increase of 4,075.0% from the December 15th total of 400 shares. Based on an average daily volume of 329,400 shares, the days-to-cover ratio is presently 0.1 days.

Merck KGaA Stock Performance

Shares of OTCMKTS MKKGY traded down $0.37 during mid-day trading on Tuesday, hitting $28.85. 525,311 shares of the company were exchanged, compared to its average volume of 206,073. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 2.32 and a beta of 0.93. The company has a quick ratio of 0.91, a current ratio of 1.33 and a debt-to-equity ratio of 0.28. Merck KGaA has a 1-year low of $28.29 and a 1-year high of $39.17. The stock has a 50 day simple moving average of $29.84 and a 200-day simple moving average of $33.36.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group assumed coverage on Merck KGaA in a report on Thursday, September 19th. They issued a “buy” rating for the company.

View Our Latest Stock Analysis on MKKGY

Merck KGaA Company Profile

(Get Free Report)

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.

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