Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Sees Large Growth in Short Interest

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 484,000 shares, an increase of 127.8% from the August 31st total of 212,500 shares. Based on an average trading volume of 664,100 shares, the days-to-cover ratio is currently 0.7 days.

Reckitt Benckiser Group Stock Performance

Shares of OTCMKTS:RBGLY traded up $0.16 during midday trading on Friday, hitting $12.64. 136,519 shares of the stock were exchanged, compared to its average volume of 341,034. The business’s 50-day moving average price is $11.49 and its 200 day moving average price is $11.32. Reckitt Benckiser Group has a 12 month low of $10.24 and a 12 month high of $15.03.

Reckitt Benckiser Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, September 23rd. Shareholders of record on Monday, August 5th were given a $0.1915 dividend. The ex-dividend date of this dividend was Monday, August 5th.

Analyst Ratings Changes

RBGLY has been the subject of several research reports. UBS Group upgraded shares of Reckitt Benckiser Group to a “strong-buy” rating in a research report on Wednesday, September 18th. JPMorgan Chase & Co. downgraded Reckitt Benckiser Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Reckitt Benckiser Group presently has a consensus rating of “Hold” and a consensus price target of $7,400.00.

Reckitt Benckiser Group Company Profile

Reckitt Benckiser Group plc manufactures and sells health, hygiene, and nutrition products worldwide. It offers acne treatment creams, facial washes, and cleansing pads; germ protection products; condoms; heartburn and indigestion solutions; joints health products; chest congestion, cough, and sinus remedies; brain health products; migraine-headaches and rheumatic pain products; sore throat medications; and hair removal products under the Airborne, Clearasil, Dettol, Durex, Gaviscon, Move Free, Neuriva, Nurofen, Mucinex, Strepsils, and Veet brands.