Rentokil Initial plc (NYSE:RTO) Short Interest Update

Rentokil Initial plc (NYSE:RTO - Get Free Report) saw a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,630,000 shares, a growth of 60.6% from the October 15th total of 2,260,000 shares. Approximately 0.7% of the company's shares are sold short. Based on an average daily volume of 900,600 shares, the days-to-cover ratio is currently 4.0 days.

Rentokil Initial Stock Down 0.8 %

Rentokil Initial stock traded down $0.20 during mid-day trading on Thursday, reaching $25.63. 878,411 shares of the company's stock were exchanged, compared to its average volume of 729,348. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.04 and a quick ratio of 0.96. Rentokil Initial has a twelve month low of $22.40 and a twelve month high of $34.07. The company has a fifty day moving average of $25.39 and a 200-day moving average of $27.93.

Hedge Funds Weigh In On Rentokil Initial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CWM LLC boosted its position in Rentokil Initial by 7.4% in the 2nd quarter. CWM LLC now owns 5,551 shares of the company's stock valued at $165,000 after buying an additional 382 shares during the period. Truist Financial Corp raised its stake in Rentokil Initial by 2.6% during the 2nd quarter. Truist Financial Corp now owns 16,008 shares of the company's stock worth $475,000 after acquiring an additional 401 shares in the last quarter. Signaturefd LLC raised its stake in Rentokil Initial by 3.4% during the 2nd quarter. Signaturefd LLC now owns 12,321 shares of the company's stock worth $365,000 after acquiring an additional 406 shares in the last quarter. SYSTM Wealth Solutions LLC raised its stake in Rentokil Initial by 19.1% during the 2nd quarter. SYSTM Wealth Solutions LLC now owns 4,736 shares of the company's stock worth $140,000 after acquiring an additional 759 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Rentokil Initial by 3.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,258 shares of the company's stock valued at $779,000 after purchasing an additional 811 shares during the period. Hedge funds and other institutional investors own 9.91% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on RTO. Sanford C. Bernstein upgraded shares of Rentokil Initial from an "underperform" rating to a "market perform" rating in a report on Monday, July 22nd. Barclays upgraded shares of Rentokil Initial to a "strong-buy" rating in a report on Friday, July 26th. Finally, Redburn Atlantic lowered shares of Rentokil Initial from a "buy" rating to a "neutral" rating in a report on Thursday, September 19th. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Rentokil Initial presently has a consensus rating of "Hold" and an average price target of $29.00.

Rentokil Initial Company Profile

Rentokil Initial plc, together with its subsidiaries, provides route-based services in North America, the United Kingdom, rest of Europe, Asia, the Pacific, and internationally. It offers a range of pest control services for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial customers.