Short Interest in Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Increases By 183.1%

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 1,009,848 shares, an increase of 183.1% from the May 31st total of 356,701 shares. Based on an average trading volume of 2,552,422 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Reckitt Benckiser Group Trading Up 2.0%

RBGLY traded up $0.26 during trading on Friday, hitting $13.07. 808,720 shares of the stock traded hands, compared to its average volume of 1,178,491. The business has a 50 day moving average price of $12.70 and a 200 day moving average price of $14.73. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.98. Reckitt Benckiser Group has a twelve month low of $12.02 and a twelve month high of $17.80.

Analyst Ratings Changes

A number of analysts have recently weighed in on RBGLY shares. Kepler Capital Markets upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Zacks Research upgraded Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Morgan Stanley raised Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company. According to 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.