Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Short Interest Update

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 540,185 shares, a growth of 258.9% from the June 30th total of 150,494 shares. Based on an average daily trading volume, of 913,321 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Reckitt Benckiser Group Stock Performance

RBGLY stock traded up $0.03 during mid-day trading on Friday, hitting $13.27. 594,215 shares of the company were exchanged, compared to its average volume of 522,717. Reckitt Benckiser Group has a 1-year low of $12.02 and a 1-year high of $17.80. The business has a 50 day simple moving average of $12.95 and a 200-day simple moving average of $14.37. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Zacks Research raised Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Jefferies Financial Group raised Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Finally, Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Reckitt Benckiser Group has a consensus rating of “Moderate Buy”.

About Reckitt Benckiser Group

Reckitt Benckiser Group plc is a multinational consumer goods company that develops, manufactures and markets health, hygiene and home products. Its portfolio spans over-the-counter medicines and health products, personal and sexual wellness, surface and laundry cleaning, and household care. The company owns a number of well-known global brands across these categories, including Lysol and Dettol in disinfectants and hygiene, Durex in sexual wellness, Nurofen in analgesics, and Finish in dishwashing products.

The firm has its corporate headquarters in the United Kingdom and sells products in markets around the world, serving consumers across North America, Europe, Asia, Latin America, the Middle East and Africa.