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

L’Oréal S.A. (OTCMKTS:LRLCY) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 334,900 shares, an increase 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. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Argus upgraded L’Oréal to a “strong-buy” rating in a report on Thursday, February 13th. Berenberg Bank cut L’Oréal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, Royal Bank of Canada raised shares of L’Oréal from a “sector perform” rating to an “outperform” rating in a research note 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 issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.

L’Oréal Trading Up 0.9 %

LRLCY opened at $74.45 on Monday. The business’s 50-day simple moving average is $74.28 and its 200 day simple moving average is $74.82. L’Oréal has a 52-week low of $66.64 and a 52-week 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.

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.