Haleon plc (NYSE:HLN) Short Interest Up 6.8% in January

Haleon plc (NYSE:HLN) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 18,140,000 shares, a growth of 6.8% from the December 31st total of 16,990,000 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 6,580,000 shares, the short-interest ratio is presently 2.8 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HLN shares. Morgan Stanley downgraded Haleon from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 10th. Sanford C. Bernstein downgraded Haleon from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.95.

Haleon Stock Up 0.4 %

HLN traded up $0.04 on Tuesday, reaching $9.52. The company’s stock had a trading volume of 6,713,226 shares, compared to its average volume of 11,727,685. The stock has a 50 day moving average of $9.54 and a two-hundred day moving average of $9.77. The company has a quick ratio of 0.58, a current ratio of 0.84 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $43.07 billion, a price-to-earnings ratio of 27.99, a P/E/G ratio of 2.69 and a beta of 0.28. Haleon has a fifty-two week low of $7.89 and a fifty-two week high of $10.80.

Hedge Funds Weigh In On Haleon

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its stake in Haleon by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,007,458 shares of the company’s stock valued at $8,322,000 after buying an additional 24,673 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Haleon by 12.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,281 shares of the company’s stock valued at $110,000 after buying an additional 1,450 shares during the last quarter. Truist Financial Corp raised its stake in shares of Haleon by 4.9% during the second quarter. Truist Financial Corp now owns 757,133 shares of the company’s stock worth $6,254,000 after purchasing an additional 35,456 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Haleon during the second quarter worth approximately $1,658,000. Finally, GAMMA Investing LLC raised its stake in shares of Haleon by 49.7% during the third quarter. GAMMA Investing LLC now owns 15,043 shares of the company’s stock worth $159,000 after purchasing an additional 4,992 shares during the last quarter. 6.67% of the stock is owned by institutional investors and hedge funds.

About Haleon

Haleon plc, together with its subsidiaries, engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company provides oral health products, such as toothpastes, mouth washes, and denture care products under the Sensodyne, Polident, Parodontax, Biotene brands; and vitamins, minerals, and supplements under Centrum, Emergen-C, Caltrate brands.