Short Interest in Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Increases By 1,560.2%

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 212,500 shares, a growth of 1,560.2% from the August 15th total of 12,800 shares. Based on an average daily trading volume, of 735,300 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered shares of Reckitt Benckiser Group from an “overweight” rating to a “neutral” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7,400.00.

Reckitt Benckiser Group Price Performance

Shares of Reckitt Benckiser Group stock opened at $12.08 on Friday. The business’s 50 day simple moving average is $11.25 and its 200 day simple moving average is $11.40. Reckitt Benckiser Group has a 52-week low of $10.24 and a 52-week high of $15.03.

Reckitt Benckiser Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, September 23rd. Stockholders of record on Monday, August 5th will be issued a $0.1915 dividend. The ex-dividend date of this dividend is Monday, August 5th.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.