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

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 484,000 shares, an increase of 127.8% from the August 31st total of 212,500 shares. Based on an average trading volume of 664,100 shares, the days-to-cover ratio is currently 0.7 days.

Reckitt Benckiser Group Stock Up 1.3 %

Shares of RBGLY stock traded up $0.16 during mid-day trading on Friday, reaching $12.64. The stock had a trading volume of 136,519 shares, compared to its average volume of 341,034. Reckitt Benckiser Group has a 1-year low of $10.24 and a 1-year high of $15.03. The business’s fifty day moving average is $11.49 and its 200-day moving average is $11.32.

Reckitt Benckiser Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 23rd. Investors of record on Monday, August 5th were issued a $0.1915 dividend. The ex-dividend date was Monday, August 5th.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RBGLY. JPMorgan Chase & Co. downgraded Reckitt Benckiser Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 29th. UBS Group raised Reckitt Benckiser Group to a “strong-buy” rating in a research report on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Reckitt Benckiser Group has an average rating of “Hold” and a consensus price target of $7,400.00.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.