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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 332,874 shares, a drop of 38.4% from the July 15th total of 540,185 shares. Based on an average trading volume of 1,142,775 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

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

Reckitt Benckiser Group Price Performance

RBGLY opened at $13.73 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63. The business has a fifty day simple moving average of $13.51 and a 200-day simple moving average of $14.05. Reckitt Benckiser Group has a fifty-two week low of $12.02 and a fifty-two week high of $17.80.

About Reckitt Benckiser Group

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.