L’Oréal S.A. (OTCMKTS:LRLCY) Sees Large Increase in Short Interest

L’Oréal S.A. (OTCMKTS:LRLCY) was the target of a large growth in short interest in March. As of March 15th, there was short interest totalling 334,900 shares, a growth of 72.3% from the February 28th total of 194,400 shares. Based on an average daily volume of 453,000 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 OTCMKTS:LRLCY traded up $0.63 during mid-day trading on Friday, reaching $74.45. The company had a trading volume of 420,165 shares, compared to its average volume of 242,828. L’Oréal has a one year low of $66.64 and a one year 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’s 50-day moving average price is $74.28 and its 200-day moving average price is $74.87.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LRLCY shares. Berenberg Bank downgraded L’Oréal from a “buy” rating to a “hold” rating in a research note on Tuesday. Argus raised L’Oréal to a “strong-buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada raised L’Oréal from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About L’Oréal

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.