Short Interest in L’Oréal S.A. (OTCMKTS:LRLCY) Rises By 31.5%

L’Oréal S.A. (OTCMKTS:LRLCY) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 43,400 shares, an increase of 31.5% from the July 15th total of 33,000 shares. Based on an average daily volume of 346,900 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LRLCY shares. Royal Bank of Canada upgraded shares of L’Oréal from an “underperform” rating to a “sector perform” rating in a research note on Wednesday, July 3rd. Jefferies Financial Group raised shares of L’Oréal from an “underperform” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

L’Oréal Stock Up 0.9 %

LRLCY traded up $0.73 during trading on Friday, hitting $85.01. The company had a trading volume of 190,486 shares, compared to its average volume of 117,090. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16. L’Oréal has a 1-year low of $77.11 and a 1-year high of $100.28. The business has a 50-day moving average of $88.70 and a 200-day moving average of $92.96.

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.