Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Sees Large Growth in Short Interest

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 484,000 shares, an increase of 127.8% from the August 31st total of 212,500 shares. Based on an average trading volume of 664,100 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered shares of Reckitt Benckiser Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 29th. UBS Group raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a research report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $7,400.00.

Reckitt Benckiser Group Price Performance

Shares of Reckitt Benckiser Group stock traded up $0.16 on Friday, reaching $12.64. 136,519 shares of the company’s stock were exchanged, compared to its average volume of 341,034. Reckitt Benckiser Group has a 52 week low of $10.24 and a 52 week high of $15.03. The firm’s 50-day moving average is $11.49 and its two-hundred day moving average is $11.32.

Reckitt Benckiser Group Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, September 23rd. Investors of record on Monday, August 5th were paid a dividend of $0.1915 per share. The ex-dividend date was 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.