Short Interest in Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Increases By 243.1%

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 1,142,136 shares, a growth of 243.1% from the July 30th total of 332,874 shares. Based on an average trading volume of 1,135,970 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a report on Tuesday, June 30th. Finally, Zacks Research downgraded Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Price Performance

Shares of RBGLY stock opened at $14.11 on Thursday. The company’s 50 day moving average price is $13.67 and its two-hundred day moving average price is $13.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85. Reckitt Benckiser Group has a 52 week low of $12.02 and a 52 week high of $17.80.

Reckitt Benckiser Group Company Profile

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.