Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Short Interest Down 51.1% in March

Reckitt Benckiser Group plc (OTCMKTS:RBGLY) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 50,500 shares, a decrease of 51.1% from the February 28th total of 103,300 shares. Based on an average daily volume of 609,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on RBGLY shares. Hsbc Global Res upgraded Reckitt Benckiser Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Reckitt Benckiser Group in a report on Friday, March 7th. HSBC upgraded shares of Reckitt Benckiser Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Finally, Barclays cut shares of Reckitt Benckiser Group from an “overweight” rating to an “equal weight” rating in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Reckitt Benckiser Group presently has an average rating of “Buy”.

Reckitt Benckiser Group Price Performance

Shares of OTCMKTS:RBGLY traded up $0.20 during mid-day trading on Friday, reaching $13.56. The company had a trading volume of 183,173 shares, compared to its average volume of 336,059. Reckitt Benckiser Group has a one year low of $10.24 and a one year high of $14.10. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.97. The company’s 50-day moving average price is $13.26 and its 200-day moving average price is $12.59.

Reckitt Benckiser Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, June 5th. Stockholders of record on Friday, April 11th will be given a dividend of $0.2909 per share. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from Reckitt Benckiser Group’s previous dividend of $0.19.

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.