Rentokil Initial plc (OTCMKTS:RTOKY) Sees Large Drop in Short Interest

Rentokil Initial plc (OTCMKTS:RTOKYGet Rating) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 6,600 shares, a drop of 80.5% from the April 15th total of 33,900 shares. Based on an average daily volume of 123,100 shares, the days-to-cover ratio is presently 0.1 days.

Shares of RTOKY traded down $0.62 during trading hours on Wednesday, reaching $31.33. 103,391 shares of the company’s stock traded hands, compared to its average volume of 57,698. The company has a current ratio of 0.97, a quick ratio of 0.87 and a debt-to-equity ratio of 0.99. The firm’s 50 day simple moving average is $33.66. Rentokil Initial has a 12 month low of $29.45 and a 12 month high of $43.69.

The business also recently declared 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%.

Several brokerages have commented on RTOKY. Berenberg Bank upgraded Rentokil Initial from a “hold” rating to a “buy” rating in a research note on Friday, January 21st. Citigroup upgraded Rentokil Initial from a “neutral” rating to a “buy” rating in a research note on Thursday, January 20th. Zacks Investment Research downgraded Rentokil Initial from a “hold” rating to a “sell” rating in a research note on Wednesday. Credit Suisse Group raised their target price on Rentokil Initial from GBX 600 ($7.40) to GBX 625 ($7.71) in a research note on Thursday, April 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Rentokil Initial from GBX 630 ($7.77) to GBX 550 ($6.78) in a research report on Friday, March 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Rentokil Initial currently has a consensus rating of “Buy” and an average target price of $404.67.

Rentokil Initial Company Profile (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 for rodents, and flying and crawling insects, as well as other forms of wildlife management for commercial and residential customers.

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