Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Short Interest Up 243.1% in August

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,142,136 shares, an increase of 243.1% from the July 30th total of 332,874 shares. Based on an average trading volume of 1,135,970 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

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

Reckitt Benckiser Group Stock Performance

RBGLY stock opened at $14.04 on Friday. The firm has a 50-day simple moving average of $13.74 and a 200-day simple moving average of $13.93. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.85 and a quick ratio of 0.63. Reckitt Benckiser Group has a 52 week low of $12.02 and a 52 week high of $17.80.

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.