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

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 31,700 shares, a decrease of 79.4% from the January 31st total of 153,800 shares. Based on an average daily volume of 524,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

RBGLY has been the subject of a number of research reports. HSBC upgraded Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Hsbc Global Res raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 11th. Barclays lowered shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, February 4th. Finally, Sanford C. Bernstein downgraded shares of Reckitt Benckiser Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, Reckitt Benckiser Group presently has a consensus rating of “Buy”.

Reckitt Benckiser Group Price Performance

Shares of RBGLY stock traded down $0.09 on Thursday, reaching $13.37. The stock had a trading volume of 198,488 shares, compared to its average volume of 308,078. The firm’s 50-day moving average is $12.62 and its two-hundred day moving average is $12.27. The company has a quick ratio of 0.47, a current ratio of 0.69 and a debt-to-equity ratio of 0.97. Reckitt Benckiser Group has a 12 month low of $10.24 and a 12 month high of $14.90.

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.