Merck KGaA (OTCMKTS:MKKGY – Get Free Report) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 3,800 shares, a decrease of 83.5% from the February 29th total of 23,000 shares. Based on an average trading volume of 165,100 shares, the short-interest ratio is currently 0.0 days.
Merck KGaA Price Performance
Shares of MKKGY stock traded up $0.38 on Wednesday, hitting $34.73. The stock had a trading volume of 29,347 shares, compared to its average volume of 76,058. The stock’s 50 day moving average is $33.61 and its 200-day moving average is $32.76. Merck KGaA has a 52-week low of $28.59 and a 52-week high of $38.63.
Wall Street Analyst Weigh In
Separately, HSBC lowered shares of Merck KGaA from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th.
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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