L’Oréal S.A. (OTCMKTS:LRLCY) Sees Significant Decline in Short Interest

L’Oréal S.A. (OTCMKTS:LRLCY) was the target of a significant drop in short interest in March. As of March 31st, there was short interest totalling 274,600 shares, a drop of 18.0% from the March 15th total of 334,900 shares. Based on an average daily volume of 373,600 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

L’Oréal Price Performance

Shares of L’Oréal stock traded up $0.08 on Monday, hitting $80.88. 124,964 shares of the company traded hands, compared to its average volume of 251,435. L’Oréal has a 12-month low of $66.64 and a 12-month high of $99.65. The company has a current ratio of 1.01, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average price of $75.70 and a 200 day moving average price of $73.97.

Analyst Ratings Changes

LRLCY has been the topic of a number of research reports. Royal Bank of Canada upgraded L’Oréal from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 21st. Argus raised shares of L’Oréal to a “strong-buy” rating in a report on Thursday, February 13th. Finally, Berenberg Bank lowered L’Oréal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

L’Oréal Company Profile

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.