Short Interest in Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Expands By 833.3%

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 212,800 shares, an increase of 833.3% from the October 31st total of 22,800 shares. Based on an average daily volume of 1,855,900 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

RBGLY has been the subject of several analyst reports. Citigroup raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a research note on Tuesday, October 1st. Barclays raised shares of Reckitt Benckiser Group to a “strong-buy” rating in a research note on Friday, October 4th. UBS Group upgraded shares of Reckitt Benckiser Group to a “strong-buy” rating in a report on Wednesday, September 18th. Sanford C. Bernstein downgraded shares of Reckitt Benckiser Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. downgraded shares of Reckitt Benckiser Group from an “overweight” rating to a “neutral” rating in a report on Thursday, August 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Reckitt Benckiser Group Stock Performance

Shares of OTCMKTS:RBGLY traded up $0.16 on Thursday, hitting $12.55. 275,297 shares of the company were exchanged, compared to its average volume of 885,419. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.47 and a current ratio of 0.69. Reckitt Benckiser Group has a one year low of $10.24 and a one year high of $15.03. The company’s 50 day moving average price is $12.33 and its two-hundred day moving average price is $11.68.

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.