Merck KGaA (OTCMKTS:MKKGY – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 39,149 shares, an increase of 1,031.1% from the September 15th total of 3,461 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 131,328 shares, the short-interest ratio is presently 0.3 days.
Wall Street Analysts Forecast Growth
MKKGY has been the topic of a number of recent analyst reports. UBS Group downgraded Merck KGaA from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 20th. HSBC raised Merck KGaA to a “hold” rating in a research report on Monday, July 6th. Finally, Zacks Research downgraded Merck KGaA from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 20th. Six equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Merck KGaA
Merck KGaA Stock Performance
Merck KGaA Company Profile
Merck KGaA is a Germany-based science and technology company headquartered in Darmstadt. Founded in 1668, it is one of the world’s oldest pharmaceutical and chemical businesses. The company operates independently from Merck & Co, Inc, the U.S.-based company that uses the Merck name in the United States and Canada.
Merck KGaA operates through three primary business sectors: Life Science, Healthcare and Electronics. Its Life Science business supplies laboratory products, research tools, analytical technologies and bioprocessing solutions used by pharmaceutical and biotechnology companies, academic institutions and industrial laboratories.
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