Short Interest in Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Increases By 225.9%

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 103,300 shares, an increase of 225.9% from the February 13th total of 31,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 487,700 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

RBGLY has been the subject of a number of analyst reports. Hsbc Global Res upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 11th. Barclays downgraded shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 4th. Royal Bank of Canada reissued an “outperform” rating on shares of Reckitt Benckiser Group in a research note on Friday, March 7th. Finally, HSBC upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Reckitt Benckiser Group Stock Down 1.7 %

OTCMKTS RBGLY opened at $13.33 on Friday. The business has a 50 day moving average price of $12.98 and a 200 day moving average price of $12.47. Reckitt Benckiser Group has a 1-year low of $10.24 and a 1-year high of $14.10. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 0.97.

About Reckitt Benckiser Group

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.