Short Interest in Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Rises By 243.1%

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,142,136 shares, a growth of 243.1% from the July 30th total of 332,874 shares. Based on an average daily volume of 1,135,970 shares, the short-interest ratio is currently 1.0 days. Currently, 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

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

Reckitt Benckiser Group Stock Performance

Shares of RBGLY opened at $14.11 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. Reckitt Benckiser Group has a 52 week low of $12.02 and a 52 week high of $17.80. The firm’s 50-day simple moving average is $13.67 and its 200 day simple moving average is $13.96.

Reckitt Benckiser Group Company Profile

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.