Short Interest in L'Oréal S.A. (OTCMKTS:LRLCY) Rises By 72.3%

L'Oréal S.A. (OTCMKTS:LRLCY - Get Free Report) was the target of a significant 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 453,000 shares, the days-to-cover ratio is currently 0.7 days.

L'Oréal Stock Up 2.4 %

Shares of LRLCY stock traded up $1.78 during trading hours on Wednesday, reaching $76.14. 228,133 shares of the stock traded hands, compared to its average volume of 241,609. The business has a fifty day moving average price of $74.45 and a 200 day moving average price of $74.74. L'Oréal has a 1-year low of $66.64 and a 1-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.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Berenberg Bank lowered shares of L'Oréal from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Royal Bank of Canada raised L'Oréal from a "sector perform" rating to an "outperform" rating in a research note on Friday, March 21st. Finally, Argus raised L'Oréal to a "strong-buy" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, L'Oréal presently has an average rating of "Hold".

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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.