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

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) saw a significant 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 days-to-cover ratio is currently 0.1 days.

Reckitt Benckiser Group Price Performance

OTCMKTS:RBGLY traded down $0.03 during mid-day trading on Friday, reaching $13.31. 351,391 shares of the company’s stock were exchanged, compared to its average volume of 311,056. Reckitt Benckiser Group has a one year low of $10.24 and a one year high of $13.55. The business’s fifty day simple moving average is $12.67 and its two-hundred day simple moving average is $12.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.69 and a quick ratio of 0.47.

Analyst Ratings Changes

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

Reckitt Benckiser Group Company Profile

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.