Short Interest in Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Grows By 258.9%

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 540,185 shares, a growth of 258.9% from the June 30th total of 150,494 shares. Based on an average daily trading volume, of 913,321 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s stock are sold short.

Reckitt Benckiser Group Stock Performance

Shares of OTCMKTS RBGLY opened at $13.45 on Tuesday. Reckitt Benckiser Group has a 12-month low of $12.02 and a 12-month 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 stock’s 50 day simple moving average is $12.97 and its 200 day simple moving average is $14.33.

Analyst Upgrades and Downgrades

RBGLY has been the topic of several research reports. Kepler Capital Markets raised Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Reckitt Benckiser Group in a report on Tuesday, June 30th. Jefferies Financial Group raised shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Tuesday, July 21st. Finally, Zacks Research upgraded shares of Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Reckitt Benckiser Group currently has a consensus 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.