Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Sees Significant Growth in Short Interest

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 212,500 shares, an increase of 1,560.2% from the August 15th total of 12,800 shares. Based on an average daily volume of 735,300 shares, the days-to-cover ratio is currently 0.3 days.

Reckitt Benckiser Group Price Performance

RBGLY stock traded up $0.07 during midday trading on Friday, hitting $12.15. 180,762 shares of the company’s stock were exchanged, compared to its average volume of 893,771. The business has a 50-day simple moving average of $11.27 and a two-hundred day simple moving average of $11.38. Reckitt Benckiser Group has a 1-year low of $10.24 and a 1-year high of $15.03.

Reckitt Benckiser Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, August 5th will be paid a dividend of $0.1915 per share. The ex-dividend date is Monday, August 5th.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut Reckitt Benckiser Group from an “overweight” rating to a “neutral” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Reckitt Benckiser Group presently has a consensus rating of “Hold” and a consensus price target of $7,400.00.

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.