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

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) saw a large growth in short interest in April. As of April 15th, there was short interest totalling 22,000 shares, a growth of 185.7% from the March 31st total of 7,700 shares. Based on an average trading volume of 3,178,000 shares, the days-to-cover ratio is presently 0.0 days.

Reckitt Benckiser Group Stock Performance

RBGLY stock traded up $0.10 during midday trading on Friday, reaching $11.10. The company’s stock had a trading volume of 834,719 shares, compared to its average volume of 1,457,875. The stock has a fifty day simple moving average of $11.93 and a two-hundred day simple moving average of $13.23. Reckitt Benckiser Group has a 1 year low of $10.24 and a 1 year high of $16.60.

Reckitt Benckiser Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, April 12th will be paid a $0.2701 dividend. This is a positive change from Reckitt Benckiser Group’s previous dividend of $0.18. The ex-dividend date is Thursday, April 11th.

Wall Street Analyst Weigh In

Separately, BNP Paribas upgraded Reckitt Benckiser Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Reckitt Benckiser Group has an average rating of “Hold” and a consensus price target of $6,996.67.

About Reckitt Benckiser Group

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; vaginal care routine products; sore throat medications; and hair removal products under the Clearasil, Dettol, Durex, Gaviscon, Nurofen, Mucinex, Queen V, Strepsils, and Veet brands.