Short Interest in Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Drops By 38.4%

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totaling 332,874 shares, a decrease of 38.4% from the July 15th total of 540,185 shares. Based on an average daily trading volume, of 1,142,775 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on RBGLY shares. Jefferies Financial Group upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research report on Tuesday, July 21st. Zacks Research cut Reckitt Benckiser Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Reckitt Benckiser Group in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Down 0.5%

Shares of OTCMKTS RBGLY opened at $13.62 on Wednesday. Reckitt Benckiser Group has a 1-year low of $12.02 and a 1-year high of $17.80. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63. The business’s 50 day moving average is $13.49 and its two-hundred day moving average is $14.07.

Reckitt Benckiser Group Company Profile

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.