Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Short Interest Update

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the recipient of a large decline in short interest in July. As of July 31st, there was short interest totaling 332,874 shares, a decline of 38.4% from the July 15th total of 540,185 shares. Based on an average daily trading volume, of 1,142,775 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Reckitt Benckiser Group Stock Down 1.9%

Shares of OTCMKTS RBGLY opened at $13.69 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.98. The business has a fifty day simple moving average of $13.47 and a two-hundred day simple moving average of $14.09. Reckitt Benckiser Group has a twelve month low of $12.02 and a twelve month high of $17.80.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on RBGLY shares. Zacks Research lowered shares of Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Finally, Jefferies Financial Group raised shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Reckitt Benckiser Group 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.