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

Merck KGaA (OTCMKTS:MKKGY - Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 16,700 shares, a growth 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 currently 0.1 days.

Merck KGaA Stock Down 1.3 %

Shares of OTCMKTS:MKKGY traded down $0.37 during trading hours on Monday, hitting $28.85. The company's stock had a trading volume of 525,311 shares, compared to its average volume of 206,073. The firm's fifty day moving average price is $29.93 and its 200 day moving average price is $33.39. Merck KGaA has a 52 week low of $28.29 and a 52 week high of $39.17. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.33 and a quick ratio of 0.91. The company has a market capitalization of $18.64 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.32 and a beta of 0.93.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group started coverage on shares of Merck KGaA in a research report 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.