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

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 150,494 shares, a drop of 85.1% from the June 15th total of 1,009,848 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,428,492 shares, the days-to-cover ratio is currently 0.1 days.

Reckitt Benckiser Group Stock Down 0.1%

Shares of OTCMKTS RBGLY traded down $0.01 during trading hours on Monday, hitting $13.54. The company had a trading volume of 274,117 shares, compared to its average volume of 714,649. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 0.98. Reckitt Benckiser Group has a 1-year low of $12.02 and a 1-year high of $17.80. The firm’s 50 day moving average is $12.77 and its 200-day moving average is $14.54.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Reckitt Benckiser Group in a report on Tuesday, June 30th. Zacks Research raised shares of Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. 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. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock 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.