Rentokil Initial plc (OTCMKTS:RTOKY) Short Interest Up 59.1% in March

Rentokil Initial plc (OTCMKTS:RTOKYGet Rating) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 7,000 shares, a growth of 59.1% from the March 15th total of 4,400 shares. Based on an average daily volume of 126,700 shares, the days-to-cover ratio is currently 0.1 days.

RTOKY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Rentokil Initial from GBX 630 ($8.21) to GBX 550 ($7.17) in a research note on Friday, March 11th. Berenberg Bank upgraded Rentokil Initial from a “hold” rating to a “buy” rating in a research note on Friday, January 21st. Exane BNP Paribas upgraded Rentokil Initial from a “neutral” rating to an “outperform” rating in a research note on Friday, March 25th. Zacks Investment Research downgraded Rentokil Initial from a “hold” rating to a “sell” rating in a research note on Tuesday, February 15th. Finally, Citigroup upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Thursday, January 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Rentokil Initial presently has a consensus rating of “Buy” and a consensus target price of $297.00.

OTCMKTS RTOKY traded down $0.09 during trading hours on Friday, hitting $34.67. The company had a trading volume of 27,502 shares, compared to its average volume of 50,946. Rentokil Initial has a 52 week low of $29.45 and a 52 week high of $43.69. The firm has a 50 day simple moving average of $33.80 and a 200 day simple moving average of $37.58. The company has a quick ratio of 0.87, a current ratio of 0.97 and a debt-to-equity ratio of 0.99.

The business also recently announced a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, April 8th will be paid a $0.2638 dividend. The ex-dividend date is Thursday, April 7th. This represents a yield of 1.13%.

About Rentokil Initial (Get Rating)

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 from rodents to flying and crawling insects, as well as to other forms of wildlife management for commercial and residential customers.

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