Merck KGaA (OTCMKTS:MKKGY) Short Interest Up 1,742.9% in October

Merck KGaA (OTCMKTS:MKKGY) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 12,900 shares, a growth of 1,742.9% from the October 15th total of 700 shares. Based on an average trading volume of 88,800 shares, the days-to-cover ratio is presently 0.1 days.

Merck KGaA Trading Down 0.2 %

Shares of OTCMKTS MKKGY traded down $0.07 during mid-day trading on Wednesday, hitting $32.05. The stock had a trading volume of 80,516 shares, compared to its average volume of 66,111. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31. Merck KGaA has a 1 year low of $28.98 and a 1 year high of $39.17. The business has a 50 day moving average price of $34.85 and a two-hundred day moving average price of $35.15. The firm has a market cap of $20.71 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 2.40 and a beta of 0.96.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group began coverage on shares of Merck KGaA in a research note on Thursday, September 19th. They set 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.