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

L'Oréal S.A. (OTCMKTS:LRLCY - Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 274,600 shares, a decline of 18.0% from the March 15th total of 334,900 shares. Based on an average daily trading volume, of 373,600 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.0% of the shares of the company are sold short.

L'Oréal Stock Up 2.8 %

Shares of L'Oréal stock traded up $2.23 during midday trading on Wednesday, reaching $83.11. The company had a trading volume of 355,501 shares, compared to its average volume of 252,335. The stock has a fifty day moving average price of $76.16 and a 200 day moving average price of $73.99. L'Oréal has a fifty-two week low of $66.64 and a fifty-two week 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.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LRLCY. Royal Bank of Canada upgraded L'Oréal from a "sector perform" rating to an "outperform" rating in a report on Friday, March 21st. Berenberg Bank cut L'Oréal from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Finally, Argus upgraded L'Oréal to a "strong-buy" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

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.