L’Oréal S.A. (OTCMKTS:LRLCY) Short Interest Update

L’Oréal S.A. (OTCMKTS:LRLCY) was the recipient of a significant 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 currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Berenberg Bank cut shares of 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 report on Thursday, February 13th. Finally, Royal Bank of Canada upgraded L’Oréal from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

L’Oréal Price Performance

OTCMKTS:LRLCY traded up $0.63 during mid-day trading on Friday, hitting $74.45. 420,165 shares of the stock traded hands, compared to its average volume of 242,828. L’Oréal has a 12-month low of $66.64 and a 12-month high of $99.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.01 and a quick ratio of 0.73. The business’s 50-day moving average price is $74.28 and its 200 day moving average price is $74.87.

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.