Reckitt Benckiser Group plc (OTCMKTS:RBGLY) Short Interest Up 1,560.2% in August

Reckitt Benckiser Group plc (OTCMKTS:RBGLY - Get Free Report) saw a large increase in short interest in 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 short-interest ratio is presently 0.3 days.

Reckitt Benckiser Group Price Performance

Shares of RBGLY stock traded up $0.02 during trading hours on Thursday, hitting $12.08. 303,579 shares of the company's stock traded hands, compared to its average volume of 897,823. The stock's 50 day simple moving average is $11.25 and its 200 day simple moving average is $11.40. Reckitt Benckiser Group has a 12 month low of $10.24 and a 12 month high of $15.03.

Reckitt Benckiser Group Cuts Dividend

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

Analyst Ratings Changes

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

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.