Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Short Interest Update

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 230,683 shares, a drop of 72.6% from the April 30th total of 842,591 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 1,510,002 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

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

Reckitt Benckiser Group Price Performance

OTCMKTS:RBGLY opened at $12.78 on Friday. The firm’s fifty day moving average price is $13.27 and its 200 day moving average price is $15.18. Reckitt Benckiser Group has a 1-year low of $12.27 and a 1-year high of $17.80. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98.

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.