Short Interest in Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Grows By 833.3%

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 212,800 shares, an increase of 833.3% from the October 31st total of 22,800 shares. Based on an average trading volume of 1,855,900 shares, the short-interest ratio is presently 0.1 days.

Reckitt Benckiser Group Price Performance

OTCMKTS RBGLY traded up $0.10 during trading hours on Wednesday, reaching $12.39. The company had a trading volume of 293,064 shares, compared to its average volume of 1,491,275. The stock has a 50-day moving average of $12.33 and a 200 day moving average of $11.67. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.97. Reckitt Benckiser Group has a 1-year low of $10.24 and a 1-year high of $15.03.

Analyst Ratings Changes

A number of research firms recently issued reports on RBGLY. JPMorgan Chase & Co. downgraded shares of Reckitt Benckiser Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 29th. Sanford C. Bernstein downgraded Reckitt Benckiser Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Barclays upgraded Reckitt Benckiser Group to a “strong-buy” rating in a research note on Friday, October 4th. UBS Group raised Reckitt Benckiser Group to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Citigroup upgraded shares of Reckitt Benckiser Group to a “strong-buy” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

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.