Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Sees Large Increase in Short Interest

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 103,300 shares, an increase of 225.9% from the February 13th total of 31,700 shares. Based on an average daily volume of 487,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have issued reports on RBGLY shares. Barclays cut Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 4th. Hsbc Global Res raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Reckitt Benckiser Group in a research report on Friday, March 7th. Finally, HSBC upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of “Buy”.

Reckitt Benckiser Group Stock Down 1.7 %

Shares of RBGLY stock traded down $0.23 during trading on Friday, hitting $13.33. The company had a trading volume of 321,920 shares, compared to its average volume of 311,617. Reckitt Benckiser Group has a one year low of $10.24 and a one year high of $14.10. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.97. The stock’s 50-day moving average price is $12.95 and its 200 day moving average price is $12.46.

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.