Merck KGaA (OTCMKTS:MKKGY – Get Free Report) saw a significant decline in short interest during 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 %
MKKGY stock traded down $0.06 during midday trading on Friday, hitting $33.58. The company’s stock had a trading volume of 64,697 shares, compared to its average volume of 66,691. The stock’s 50-day moving average price is $36.15 and its 200 day moving average price is $35.05. Merck KGaA has a 1 year low of $28.59 and a 1 year high of $39.17.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group started coverage on Merck KGaA in a research report on Thursday, September 19th. They issued a “buy” rating on the stock.
About Merck KGaA
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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