Haleon plc (NYSE:HLN) Short Interest Up 6.8% in January

Haleon plc (NYSE:HLNGet Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 18,140,000 shares, a growth of 6.8% from the December 31st total of 16,990,000 shares. Based on an average daily trading volume, of 6,580,000 shares, the short-interest ratio is presently 2.8 days. Currently, 0.4% of the shares of the company are short sold.

Haleon Price Performance

Shares of HLN stock traded up $0.05 during trading hours on Tuesday, reaching $9.53. The company’s stock had a trading volume of 7,515,798 shares, compared to its average volume of 11,768,235. Haleon has a fifty-two week low of $7.89 and a fifty-two week high of $10.80. The company has a market capitalization of $43.14 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 2.69 and a beta of 0.28. The company has a quick ratio of 0.58, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The firm’s 50 day simple moving average is $9.54 and its 200-day simple moving average is $9.77.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Morgan Stanley downgraded Haleon from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 10th. Sanford C. Bernstein downgraded Haleon from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $10.95.

View Our Latest Analysis on HLN

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Lake Street Advisors Group LLC lifted its stake in shares of Haleon by 5.4% in the 3rd quarter. Lake Street Advisors Group LLC now owns 22,395 shares of the company’s stock valued at $237,000 after acquiring an additional 1,143 shares during the last quarter. Synovus Financial Corp raised its position in Haleon by 0.8% during the 3rd quarter. Synovus Financial Corp now owns 148,834 shares of the company’s stock worth $1,575,000 after purchasing an additional 1,216 shares during the last quarter. Hexagon Capital Partners LLC raised its position in Haleon by 18.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 7,933 shares of the company’s stock worth $84,000 after purchasing an additional 1,238 shares during the last quarter. Greenleaf Trust raised its position in Haleon by 8.4% during the 4th quarter. Greenleaf Trust now owns 17,225 shares of the company’s stock worth $164,000 after purchasing an additional 1,333 shares during the last quarter. Finally, Baron Wealth Management LLC raised its position in Haleon by 4.3% during the 4th quarter. Baron Wealth Management LLC now owns 33,632 shares of the company’s stock worth $321,000 after purchasing an additional 1,381 shares during the last quarter. 6.67% of the stock is currently owned by institutional investors.

Haleon Company Profile

(Get Free Report)

Haleon plc, together with its subsidiaries, engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company provides oral health products, such as toothpastes, mouth washes, and denture care products under the Sensodyne, Polident, Parodontax, Biotene brands; and vitamins, minerals, and supplements under Centrum, Emergen-C, Caltrate brands.

Featured Articles

Receive News & Ratings for Haleon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haleon and related companies with MarketBeat.com's FREE daily email newsletter.