Haleon plc (NYSE:HLN) Short Interest Update

Haleon plc (NYSE:HLN) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 25,670,000 shares, a growth of 40.0% from the January 15th total of 18,340,000 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 8,640,000 shares, the days-to-cover ratio is presently 3.0 days.

Analysts Set New Price Targets

Several brokerages have weighed in on HLN. Morgan Stanley lowered shares of Haleon from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 10th. Sanford C. Bernstein cut Haleon from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.95.

Institutional Investors Weigh In On Haleon

Hedge funds and other institutional investors have recently made changes to their positions in the business. Procyon Advisors LLC increased its stake in Haleon by 41.3% during the fourth quarter. Procyon Advisors LLC now owns 230,240 shares of the company’s stock worth $2,196,000 after acquiring an additional 67,329 shares during the last quarter. HighTower Advisors LLC increased its position in Haleon by 27.2% during the 3rd quarter. HighTower Advisors LLC now owns 350,795 shares of the company’s stock worth $3,701,000 after purchasing an additional 74,970 shares in the last quarter. Jane Street Group LLC increased its position in Haleon by 1,689.4% during the 3rd quarter. Jane Street Group LLC now owns 264,977 shares of the company’s stock worth $2,803,000 after purchasing an additional 250,169 shares in the last quarter. Chartwell Investment Partners LLC raised its holdings in Haleon by 107.8% in the third quarter. Chartwell Investment Partners LLC now owns 475,415 shares of the company’s stock valued at $5,030,000 after buying an additional 246,594 shares during the period. Finally, Townsquare Capital LLC lifted its position in Haleon by 29.8% during the third quarter. Townsquare Capital LLC now owns 475,618 shares of the company’s stock valued at $5,032,000 after buying an additional 109,217 shares in the last quarter. Hedge funds and other institutional investors own 6.67% of the company’s stock.

Haleon Trading Down 2.5 %

Shares of HLN traded down $0.25 on Friday, hitting $9.71. 5,836,820 shares of the stock traded hands, compared to its average volume of 12,350,782. The firm has a market capitalization of $43.93 billion, a P/E ratio of 28.54, a P/E/G ratio of 2.70 and a beta of 0.28. The company has a quick ratio of 0.58, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. Haleon has a 1 year low of $7.89 and a 1 year high of $10.80. The stock’s 50 day moving average is $9.54 and its two-hundred day moving average is $9.80.

Haleon Company Profile

Haleon plc, together with its subsidiaries, engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company provides oral health products, such as toothpastes, mouth washes, and denture care products under the Sensodyne, Polident, Parodontax, Biotene brands; and vitamins, minerals, and supplements under Centrum, Emergen-C, Caltrate brands.