Merck KGaA (OTCMKTS:MKKGY) Sees Significant Decline in Short Interest

Merck KGaA (OTCMKTS:MKKGY) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 700 shares, a decrease 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.

Analysts Set New Price Targets

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

Merck KGaA Trading Down 0.2 %

OTCMKTS:MKKGY traded down $0.06 during mid-day trading on Friday, hitting $33.58. The stock had a trading volume of 64,697 shares, compared to its average volume of 66,691. The company’s 50 day simple moving average is $36.15 and its 200 day simple moving average is $35.04. Merck KGaA has a twelve month low of $28.59 and a twelve month high of $39.17.

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.