Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Short Interest Down 79.4% in February

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) saw a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 31,700 shares, a decrease of 79.4% from the January 31st total of 153,800 shares. Based on an average daily volume of 524,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RBGLY. HSBC upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research report on Wednesday, December 11th. Sanford C. Bernstein lowered shares of Reckitt Benckiser Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Hsbc Global Res upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Barclays downgraded shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Reckitt Benckiser Group has an average rating of “Buy”.

Reckitt Benckiser Group Trading Down 0.2 %

Shares of OTCMKTS:RBGLY traded down $0.03 during trading on Friday, reaching $13.34. 381,011 shares of the stock were exchanged, compared to its average volume of 309,995. The firm’s 50-day moving average price is $12.64 and its 200 day moving average price is $12.28. Reckitt Benckiser Group has a 12-month low of $10.24 and a 12-month high of $13.55. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 0.97.

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.