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

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 7,700 shares, an increase of 327.8% from the March 15th total of 1,800 shares. Based on an average daily trading volume, of 2,629,800 shares, the days-to-cover ratio is currently 0.0 days.

Reckitt Benckiser Group Price Performance

Reckitt Benckiser Group stock opened at $10.77 on Thursday. The business’s fifty day moving average is $12.88 and its two-hundred day moving average is $13.52. Reckitt Benckiser Group has a 52 week low of $10.53 and a 52 week high of $16.60.

Reckitt Benckiser Group Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, April 12th will be paid a dividend of $0.2701 per share. The ex-dividend date is Thursday, April 11th. This is a positive change from Reckitt Benckiser Group’s previous dividend of $0.18.

Wall Street Analyst Weigh In

Separately, BNP Paribas upgraded Reckitt Benckiser Group from an “underperform” rating to a “neutral” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6,978.00.

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; vaginal care routine products; sore throat medications; and hair removal products under the Clearasil, Dettol, Durex, Gaviscon, Nurofen, Mucinex, Queen V, Strepsils, and Veet brands.