Reckitt Benckiser Group plc (OTCMKTS:RBGPF) Sees Significant Increase in Short Interest

Reckitt Benckiser Group plc (OTCMKTS:RBGPF) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 137,533 shares, an increase of 111.0% from the September 15th total of 65,169 shares. Based on an average daily trading volume, of 1,417 shares, the short-interest ratio is presently 97.1 days.

Reckitt Benckiser Group Price Performance

RBGPF stock traded up $2.46 during midday trading on Tuesday, reaching $69.30. The company’s stock had a trading volume of 1,183 shares, compared to its average volume of 1,840. Reckitt Benckiser Group has a 52 week low of $58.67 and a 52 week high of $90.70. The business’s 50-day simple moving average is $68.61 and its 200-day simple moving average is $66.26.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc, trading under the name Reckitt, is a United Kingdom-based consumer health and hygiene company. It develops, manufactures and markets products intended to support personal health, household cleanliness and everyday hygiene.

The company’s portfolio includes consumer health brands such as Nurofen, Strepsils, Gaviscon and Durex, as well as household and hygiene brands including Dettol, Lysol, Finish, Vanish and Air Wick. Its products are sold through pharmacies, supermarkets, mass retailers, e-commerce platforms and other distribution channels.

Reckitt serves consumers in markets around the world, with operations and sales across Europe, North America, Latin America, Asia-Pacific and other international regions.