Short Interest in Merck KGaA (OTCMKTS:MKGAF) Grows By 34.7%

Merck KGaA (OTCMKTS:MKGAF) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 700,000 shares, an increase of 34.7% from the March 15th total of 519,700 shares. Based on an average daily trading volume, of 3,100 shares, the days-to-cover ratio is currently 225.8 days. Currently, 0.5% of the shares of the stock are sold short.

Merck KGaA Price Performance

Shares of Merck KGaA stock opened at $127.26 on Monday. The firm has a market cap of $16.45 billion, a P/E ratio of 19.43 and a beta of 0.96. The firm’s 50-day simple moving average is $139.41 and its 200-day simple moving average is $148.76. Merck KGaA has a twelve month low of $118.05 and a twelve month high of $200.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.31.

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.