Haleon plc (NYSE:HLN) Short Interest Update

Haleon plc (NYSE:HLN - Get Free Report) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 20,810,000 shares, an increase of 45.3% from the February 29th total of 14,320,000 shares. Based on an average daily volume of 5,360,000 shares, the short-interest ratio is presently 3.9 days. Approximately 0.5% of the shares of the stock are short sold.

Haleon Trading Down 0.5 %

Shares of HLN traded down $0.04 during mid-day trading on Friday, reaching $8.49. The stock had a trading volume of 4,383,840 shares, compared to its average volume of 8,988,027. The business's fifty day moving average is $8.32 and its 200 day moving average is $8.29. The firm has a market cap of $39.20 billion, a price-to-earnings ratio of 30.32, a P/E/G ratio of 2.22 and a beta of 0.30. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.04 and a quick ratio of 0.73. Haleon has a 52-week low of $7.70 and a 52-week high of $9.05.

Haleon Announces Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Thursday, May 16th. Shareholders of record on Friday, March 15th will be paid a dividend of $0.1064 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a yield of 1.8%. Haleon's dividend payout ratio (DPR) is 75.00%.

Wall Street Analysts Forecast Growth

Separately, Argus reaffirmed a "buy" rating on shares of Haleon in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy".

Hedge Funds Weigh In On Haleon

Large investors have recently modified their holdings of the business. Dodge & Cox raised its holdings in Haleon by 1.2% in the 4th quarter. Dodge & Cox now owns 110,663,098 shares of the company's stock valued at $910,757,000 after buying an additional 1,265,239 shares during the period. FMR LLC raised its stake in shares of Haleon by 22.2% in the 3rd quarter. FMR LLC now owns 53,951,936 shares of the company's stock valued at $449,420,000 after acquiring an additional 9,812,040 shares during the period. Clearbridge Investments LLC boosted its position in shares of Haleon by 2.4% during the 4th quarter. Clearbridge Investments LLC now owns 26,581,902 shares of the company's stock worth $218,769,000 after purchasing an additional 612,400 shares during the period. Wellington Management Group LLP increased its holdings in Haleon by 164.6% in the 4th quarter. Wellington Management Group LLP now owns 13,542,346 shares of the company's stock valued at $111,454,000 after purchasing an additional 8,423,475 shares during the last quarter. Finally, Harding Loevner LP increased its holdings in Haleon by 36.6% in the 2nd quarter. Harding Loevner LP now owns 13,260,374 shares of the company's stock valued at $111,122,000 after purchasing an additional 3,554,361 shares during the last quarter. Institutional investors and hedge funds own 6.67% of the company's stock.

Haleon Company Profile

Haleon plc, together with its subsidiaries, engages in the research, development, manufacture, and sale of various consumer healthcare products in North America, Europe, the Middle East, Africa, Latin America, and the Asia Pacific. The company provides oral health products, such as toothpastes, mouth washes, and denture care products under the Sensodyne, Polident, Parodontax, Biotene brands; and vitamins, minerals, and supplements under Centrum, Emergen-C, Caltrate brands.