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Merck KGaA (MKGAF) Short Interest Ratio & Short Volume

Merck KGaA logo
$154.13 -9.81 (-5.99%)
As of 12:06 PM Eastern

Merck KGaA Short Interest Overview

As of September 15, 2026, Merck KGaA (MKGAF) had a short interest of 843,455 shares sold short, representing 0.65% of the public float. This marks a -10.43% decrease in short interest since the prior report. The short interest ratio (days to cover) is 526.2, meaning it would take 526.2 days of the average trading volume of 632 shares to cover all short positions.

Current Short Interest
843,455 shares
Previous Short Interest
941,720 shares
Change Vs. Previous Month
-10.43%
Dollar Volume Sold Short
$131.55 million
Short Interest Ratio
526.2 Days to Cover
Last Record Date
September 15, 2026
Outstanding Shares
129,240,000 shares
Short Percent of Float
0.65%
Today's Trading Volume
76 shares
Average Trading Volume
632 shares
Today's Volume Vs. Average
12%
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MKGAF Short Interest Over Time

MKGAF Days to Cover Over Time

MKGAF Percentage of Float Shorted Over Time

Merck KGaA Tesla Short Interest History & Recent Changes

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
9/15/2026843,455 shares $131.55 million -10.4%0.7%526.17 $155.97
8/31/2026941,720 shares $152.56 million +33.7%0.7%999.99 $162.00
8/14/2026704,174 shares $115.35 million +12.2%0.5%722.97 $163.81
7/31/2026627,763 shares $106.03 million +22.0%0.5%347.6 $168.90
7/15/2026514,565 shares $82.84 million -25.4%0.4%999.99 $161.00
6/30/2026689,271 shares $116.61 million -23.0%0.5%999.99 $169.18
6/15/2026894,934 shares $138.90 million -7.0%0.7%491.18 $155.21
5/29/2026962,522 shares $148.91 million -18.7%0.7%400.72 $154.71
5/15/20261,183,420 shares $169.10 million +9.9%0.9%856.31 $142.89
4/30/20261,076,478 shares $142.97 million -20.8%0.8%695.4 $132.81
4/15/20261,359,928 shares $189.59 million -2.2%1.1%999.99 $139.41
3/31/20261,391,073 shares $170.34 million +15.0%1.1%918.2 $122.45
3/13/20261,209,685 shares $155.54 million +10.1%0.9%612.5 $128.58
2/27/20261,098,690 shares $169.55 million +7.2%0.9%861.72 $154.32
2/13/20261,024,747 shares $157.00 million -8.1%0.8%999.99 $153.21
1/30/20261,115,129 shares $168.85 million +10.9%0.9%761.7 $151.42
1/15/20261,005,742 shares $153.99 million +2.3%0.8%999.99 $153.11
12/31/2025983,103 shares $145.11 million -1.1%0.8%999.99 $147.60
12/15/2025994,311 shares $137.21 million +14.4%0.8%946.96 $138.00
11/28/2025869,313 shares $113.49 million -1.4%0.7%937.77 $130.55
11/14/2025954,937 shares $129.69 million +43.5%0.7%999.99 $135.81
10/31/2025665,618 shares $91.90 million +41.6%0.5%684.09 $138.07
10/15/2025470,200 shares $62.68 million +5.6%0.4%587.8 $133.31
9/30/2025445,200 shares $58.15 million -5.2%N/A193.6 $130.61
9/15/2025469,600 shares $59.83 million -2.9%N/A391.3 $127.40
8/31/2025483,800 shares $59.87 million +25.3%0.4%604.8 $123.75
8/15/2025386,000 shares $51.43 million -24.4%N/A143 $133.25
7/31/2025510,800 shares $65.81 million -5.8%0.4%425.7 $128.83
7/15/2025542,000 shares $68.56 million -1.6%N/A492.7 $126.50
6/30/2025550,600 shares $72.27 million -6.5%0.4%122.4 $131.25
6/15/2025588,700 shares $77.71 million +1.9%0.5%99.8 $132.00
5/31/2025577,500 shares $75.91 million +5.6%0.4%721.9 $131.45
5/15/2025546,800 shares $71.77 million -9.8%0.4%781.1 $131.25
4/30/2025606,400 shares $85.53 million +2.0%N/A866.3 $141.05
4/15/2025594,300 shares $77.68 million -15.1%0.5%660.3 $130.70
3/31/2025700,000 shares $98.44 million +34.7%0.5%225.8 $140.63
3/15/2025519,700 shares $77.51 million -6.4%0.4%207.9 $149.15
2/28/2025555,200 shares $80.64 million +27.9%0.4%925.3 $145.25
2/15/2025434,000 shares $63.56 million +63.0%0.3%1446.7 $146.45
1/31/2025266,200 shares $40.80 million -10.3%N/A332.8 $153.25
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12/31/2024278,100 shares $42.15 million -2.3%N/A111.2 $151.56
12/15/2024284,700 shares $42.81 million -0.2%N/A284.7 $150.38
11/30/2024285,200 shares $41.28 million +7.9%N/A158.4 $144.75
11/15/2024264,300 shares $39.65 million -7.1%N/A881 $150.00
10/31/2024284,600 shares $45.98 million +19.7%N/A948.7 $161.57
10/15/2024237,800 shares $41.99 million +22.8%N/A475.6 $176.59
9/30/2024193,700 shares $34.09 million -23.5%N/A968.5 $175.97
9/15/2024253,200 shares $48.87 million +26.9%N/A844 $193.00
8/31/2024199,600 shares $40.03 million -8.4%N/A998 $200.56
8/15/2024217,900 shares $41.36 million -10.8%N/A544.8 $189.80
7/31/2024244,200 shares $45.44 million -43.5%N/A407 $186.08
7/15/2024432,200 shares $69.50 million -16.2%N/A1080.5 $160.80
6/30/2024515,600 shares $86.39 million +8.4%N/A1289 $167.55
6/15/2024475,600 shares $88.66 million +1.0%N/A951.2 $186.41
5/31/2024471,000 shares $86.73 million -1.7%N/A1570 $184.13
5/15/2024479,100 shares $84.13 million -29.8%N/A684.4 $175.59
4/30/2024682,700 shares $109.91 million +23.8%N/A1706.8 $161.00
4/15/2024551,400 shares $89.33 million +4.2%N/A229.8 $162.00
3/31/2024529,000 shares $93.53 million +20.6%N/A881.7 $176.81
3/15/2024438,600 shares $76.69 million +13.4%N/A337.4 $174.86
2/29/2024386,800 shares $65.76 million -3.4%N/A184.2 $170.00
2/15/2024400,300 shares $67.65 million +10.2%N/A444.8 $169.00
1/15/2024344,000 shares $53.91 million -5.8%N/A688 $156.73
12/31/2023365,300 shares $58.81 million -18.1%N/A444.9 $161.00
12/15/2023445,800 shares $67.76 million -16.3%N/A40.5 $152.00
11/30/2023532,600 shares $92.14 million +6.6%N/A665.8 $173.00
11/15/2023499,700 shares $84.45 million +25.6%N/A108.6 $169.00
10/31/2023397,900 shares $60.64 million +4.7%N/A137.2 $152.39
10/15/2023379,900 shares $60.31 million +1.1%N/A759.8 $158.75
9/30/2023375,800 shares $62.38 million -6.5%N/A536.9 $166.00
9/15/2023401,800 shares $69.50 million +5.6%N/A669.7 $172.97
8/31/2023380,400 shares $68.66 million +13.7%N/A514.1 $180.50
8/15/2023334,700 shares $59.28 million +2.0%N/A3347 $177.12
7/31/2023328,100 shares $58.07 million -13.0%N/A252.4 $177.00
7/15/2023377,200 shares $63.86 million +20.3%N/A55.5 $169.30
6/30/2023313,600 shares $52.06 million +3.6%N/A627.2 $166.00
6/15/2023302,700 shares $53.58 million +12.2%N/A1513.5 $177.00
5/31/2023269,700 shares $46.93 million +39.2%N/A299.7 $174.00
5/15/2023193,700 shares $34.50 million -29.7%N/A645.7 $178.10
4/30/2023275,700 shares $50.04 million +11.2%N/A919 $181.50
4/15/2023248,000 shares $46.00 million -32.6%N/A496 $185.50
3/31/2023367,900 shares $70.47 million +55.8%N/A1226.3 $191.55
3/15/2023236,200 shares $41.24 million +13.1%N/A787.3 $174.61
2/28/2023208,900 shares $40.00 million -27.5%N/A696.3 $191.50
2/15/2023288,200 shares $57.84 million +27.5%N/A480.3 $200.71
1/31/2023226,000 shares $47.46 million +14.3%N/A205.5 $210.00
1/15/2023197,800 shares $41.90 million +7.6%N/A82.4 $211.85
12/30/2022183,800 shares $35.84 million -0.9%N/A20.2 $195.00
12/15/2022185,400 shares $35.63 million +3.9%N/A206 $192.20
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11/30/2022178,500 shares $33.01 million +0.8%N/A595 $184.95
11/15/2022177,100 shares $33.60 million -28.2%N/A126.5 $189.70
10/31/2022246,500 shares $41.73 million +65.6%N/A352.1 $169.30
10/15/2022148,900 shares $24.31 million -12.3%N/A87.6 $163.27
9/30/2022169,700 shares $27.96 million +6.3%N/A565.7 $164.75
9/15/2022159,600 shares $27.04 million -1.2%N/A319.2 $169.45
8/31/2022161,600 shares $28.28 million +63.2%N/A146.9 $175.00
8/15/202299,000 shares $18.85 million -42.9%N/A76.2 $190.43
7/31/2022173,400 shares $33.23 million -63.9%N/A289 $191.64
7/15/2022480,600 shares $84.71 million -4.8%N/A2403 $176.25
6/30/2022504,700 shares $85.54 million +48.5%N/A721 $169.49
6/15/2022339,800 shares $57.35 million +10.2%N/A1699 $168.77
5/31/2022308,300 shares $57.83 million +23.0%N/A1541.5 $187.58
5/15/2022250,700 shares $41.62 million -39.5%N/A626.8 $166.00
4/30/2022414,600 shares $78.57 million +26.3%N/A1036.5 $189.50
4/15/2022328,200 shares $65.84 million +15.8%N/A410.3 $200.60
3/31/2022283,400 shares $60.78 million -2.9%N/A472.3 $214.46
3/15/2022291,700 shares $58.12 million +21.0%N/A2917 $199.24
2/28/2022241,100 shares $48.22 million +16.6%N/A602.8 $200.00
2/15/2022206,800 shares $41.93 million -28.2%N/A689.3 $202.75
1/31/2022288,200 shares $64.14 million +407.4%N/A720.5 $222.55
1/15/202256,800 shares $12.36 million -2.7%N/A81.1 $217.66
12/31/202158,400 shares $15.27 million +28.1%N/A116.8 $261.50
12/15/202145,600 shares $11.44 million -7.1%N/A152 $250.94
11/30/202149,100 shares $12.32 million -24.2%N/A122.8 $250.90
11/15/202164,800 shares $15.93 million +21.8%N/A216 $245.85
10/29/202153,200 shares $12.64 million -76.8%N/A266 $237.61
10/15/2021229,500 shares $51.40 million -16.3%N/A573.8 $223.95
9/30/2021274,300 shares $60.86 million +28.0%N/A1371.5 $221.86

MKGAF Short Interest - Frequently Asked Questions

Short interest is the volume of Merck KGaA shares that have been sold short but have not yet been covered or closed out. As of September 15th, investors have sold 843,455 shares of MKGAF short. 0.65% of Merck KGaA's shares are currently sold short. Learn More on Merck KGaA's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. MKGAF shares currently have a short interest ratio of 526.2. Learn More on Merck KGaA's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.65% of Merck KGaA's floating shares are currently sold short.

Merck KGaA saw a decline in short interest in September. As of September 15th, there was short interest totaling 843,455 shares, a decline of 10.4% from the previous total of 941,720 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.65% of Merck KGaA's shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceuticals" compare to Merck KGaA: Chugai Pharmaceutical Co., Ltd. Unsponsored ADR (0.00%), Takeda Pharmaceutical Co. (0.13%), Bayer Aktiengesellschaft (0.01%), Teva Pharmaceutical Industries Ltd. (2.72%), UCB SA (0.01%), BeOne Medicines Ltd. - Sponsored ADR (1.66%), Otsuka Holdings Co., Ltd. - Unsponsored ADR (0.00%), Sandoz Group AG Sponsored ADR (0.03%), Daiichi Sankyo Co., Ltd. - Sponsored ADR (0.01%), UCB SA (0.67%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($75.21 billion), Invesco QQQ ($46.31 billion), iShares Russell 2000 ETF ($27.98 billion), SPDR S&P Biotech ETF ($11.59 billion), Nebius Group N.V. ($9.70 billion), Canadian Natural Resources Limited ($9.42 billion), iShares 20+ Year Treasury Bond ETF ($8.70 billion), iShares iBoxx $ High Yield Corporate Bond ETF ($8.53 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($7.79 billion), and Financial Select Sector SPDR Fund ($7.74 billion). View all of the most shorted stocks.

Short selling MKGAF is an investing strategy that aims to generate trading profit from Merck KGaA as its price is falling. MKGAF shares are trading up $4.43 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Merck KGaA occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of MKGAF, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including MKGAF, twice per month. The most recent reporting period available is September, 15 2026.

Understanding short interest metrics can help you assess how traders are positioning around a stock like MKGAF:

  • Shares Sold Short: The total number of shares that have been sold by short sellers but have not yet been covered or closed out. A high number may indicate bearish sentiment.
  • Short Float: The percentage of a company’s publicly available shares (or "float") that are sold short. A higher short float suggests a greater portion of the stock is being bet against.
  • Days to Cover (Short Interest Ratio): This estimates how many days it would take short sellers to cover their positions, based on average daily trading volume. Higher values can signal potential for a short squeeze if buying pressure increases.

These metrics are often used by traders to gauge sentiment, volatility risk, and the potential for price movements based on short covering activity.



Short interest data for OTCMKTS:MKGAF is sourced from the Financial Industry Regulatory Authority (FINRA), with the most recent report published on 9/24/2026. FINRA publishes updated short interest twice a month.
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