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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 540,185 shares, a growth of 258.9% from the June 30th total of 150,494 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 913,321 shares, the short-interest ratio is currently 0.6 days.

Reckitt Benckiser Group Stock Up 0.2%

Shares of OTCMKTS RBGLY traded up $0.03 during midday trading on Friday, reaching $13.27. The company’s stock had a trading volume of 594,215 shares, compared to its average volume of 522,717. Reckitt Benckiser Group has a fifty-two week low of $12.02 and a fifty-two week high of $17.80. The stock has a 50 day simple moving average of $12.95 and a 200-day simple moving average of $14.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Kepler Capital Markets upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Jefferies Financial Group upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Research raised shares of Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average 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.