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

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. HSBC raised Reckitt Benckiser Group from a "hold" rating to a "buy" rating in a research report on Wednesday, December 11th. Hsbc Global Res upgraded shares of Reckitt Benckiser Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, December 11th. Barclays lowered shares of Reckitt Benckiser Group from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating on shares of Reckitt Benckiser Group in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Reckitt Benckiser Group Trading Up 1.5 %

OTCMKTS RBGLY traded up $0.20 during trading on Monday, hitting $13.56. 183,173 shares of the company's stock traded hands, compared to its average volume of 336,059. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.69 and a quick ratio of 0.47. Reckitt Benckiser Group has a 12-month low of $10.24 and a 12-month high of $14.10. The business has a 50 day moving average of $13.26 and a 200-day moving average of $12.60.

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Reckitt Benckiser Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, June 5th. Shareholders of record on Friday, April 11th will be issued a dividend of $0.2909 per share. This is a boost from Reckitt Benckiser Group's previous dividend of $0.19. The ex-dividend date of this dividend is Friday, April 11th.

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.