Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) Short Interest Up 183.1% in June

Reckitt Benckiser Group PLC (OTCMKTS:RBGLY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 1,009,848 shares, an increase of 183.1% from the May 31st total of 356,701 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 2,552,422 shares, the days-to-cover ratio is currently 0.4 days.

Reckitt Benckiser Group Stock Performance

Shares of Reckitt Benckiser Group stock traded down $0.13 during trading hours on Tuesday, reaching $13.09. The company’s stock had a trading volume of 231,985 shares, compared to its average volume of 729,315. Reckitt Benckiser Group has a one year low of $12.02 and a one year high of $17.80. The stock’s fifty day simple moving average is $12.69 and its two-hundred day simple moving average is $14.70. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 0.98.

Analysts Set New Price Targets

Several research firms have weighed in on RBGLY. Kepler Capital Markets raised shares of Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Morgan Stanley upgraded Reckitt Benckiser Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 16th. Finally, Zacks Research raised Reckitt Benckiser Group from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

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.