Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Short Interest Down 72.6% in May

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 230,683 shares, a decrease of 72.6% from the April 30th total of 842,591 shares. Based on an average daily volume of 1,510,002 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Reckitt Benckiser Group Price Performance

OTCMKTS:RBGLY traded down $0.35 during trading hours on Friday, reaching $12.43. 1,439,570 shares of the company were exchanged, compared to its average volume of 611,928. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.63 and a current ratio of 0.85. Reckitt Benckiser Group has a 52-week low of $12.27 and a 52-week high of $17.80. The stock has a 50 day simple moving average of $13.23 and a 200 day simple moving average of $15.16.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Morgan Stanley raised Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 16th. Zacks Research downgraded Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Finally, Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Reckitt Benckiser Group presently 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.