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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the recipient of a large growth in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 1,135,970 shares, the short-interest ratio is currently 1.0 days.

Reckitt Benckiser Group Stock Performance

OTCMKTS:RBGLY opened at $14.03 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. Reckitt Benckiser Group has a one year low of $12.02 and a one year high of $17.80. The business’s 50-day simple moving average is $13.70 and its 200 day simple moving average is $13.93.

Wall Street Analyst Weigh In

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

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.