Short Interest in Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Rises By 183.1%

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totaling 1,009,848 shares, a growth of 183.1% from the May 31st total of 356,701 shares. Based on an average trading volume of 2,552,422 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Reckitt Benckiser Group Trading Up 0.7%

Shares of Reckitt Benckiser Group stock traded up $0.09 on Monday, reaching $13.16. The company’s stock had a trading volume of 188,953 shares, compared to its average volume of 729,060. Reckitt Benckiser Group has a 52 week low of $12.02 and a 52 week high of $17.80. The firm’s fifty day simple moving average is $12.70 and its two-hundred day simple moving average is $14.72. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.98.

Analyst Ratings Changes

Several research firms have recently issued reports on RBGLY. Zacks Research raised Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Kepler Capital Markets raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Morgan Stanley upgraded shares of Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Reckitt Benckiser Group has a consensus 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.