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

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

Reckitt Benckiser Group Stock Up 1.5 %

OTCMKTS RBGLY traded up $0.18 during trading hours on Thursday, hitting $12.06. The company had a trading volume of 382,059 shares, compared to its average volume of 901,219. Reckitt Benckiser Group has a 52 week low of $10.24 and a 52 week high of $15.03. The firm has a 50 day simple moving average of $11.23 and a 200 day simple moving average of $11.39.

Reckitt Benckiser Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, September 23rd. Shareholders of record on Monday, August 5th will be paid a $0.1915 dividend. The ex-dividend date of this dividend 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.