Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Short Interest Down 72.6% in May

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 230,683 shares, a decline of 72.6% from the April 30th total of 842,591 shares. Based on an average daily volume of 1,510,002 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Reckitt Benckiser Group Price Performance

Shares of RBGLY opened at $12.43 on Friday. The stock has a fifty day moving average of $13.23 and a two-hundred day moving average of $15.16. 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 fifty-two week low of $12.27 and a fifty-two week high of $17.80.

Analyst Ratings Changes

RBGLY has been the topic of a number of analyst reports. Zacks Research lowered Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Morgan Stanley raised Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Finally, Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Reckitt Benckiser Group currently has a consensus rating of “Moderate Buy”.

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.