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

L’Oréal S.A. (OTCMKTS:LRLCY) saw 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 trading volume of 453,000 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on LRLCY shares. Argus raised shares of L’Oréal to a “strong-buy” rating in a research note on Thursday, February 13th. Berenberg Bank cut shares of L’Oréal from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, L’Oréal presently has an average rating of “Hold”.

L’Oréal Stock Performance

Shares of L’Oréal stock traded up $0.63 during trading hours on Friday, reaching $74.45. The company’s stock had a trading volume of 420,165 shares, compared to its average volume of 242,828. The stock’s fifty day simple moving average is $74.28 and its two-hundred day simple moving average is $74.87. L’Oréal has a one year low of $66.64 and a one year high of $99.65. The company has a quick ratio of 0.73, a current ratio of 1.01 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.