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

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 103,300 shares, a growth of 225.9% from the February 13th total of 31,700 shares. Based on an average trading volume of 487,700 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of research firms have recently issued reports on RBGLY. Hsbc Global Res upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Barclays lowered shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 4th. HSBC raised shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada reissued an “outperform” rating on shares of Reckitt Benckiser Group in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Reckitt Benckiser Group presently has an average rating of “Buy”.

Reckitt Benckiser Group Stock Down 1.7 %

Shares of Reckitt Benckiser Group stock traded down $0.23 during mid-day trading on Friday, reaching $13.33. 321,920 shares of the stock were exchanged, compared to its average volume of 311,617. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.97. Reckitt Benckiser Group has a fifty-two week low of $10.24 and a fifty-two week high of $14.10. The firm has a 50-day simple moving average of $12.95 and a 200 day simple moving average of $12.46.

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.