L’Oréal S.A. (OTCMKTS:LRLCY) Sees Large Decrease in Short Interest

L’Oréal S.A. (OTCMKTS:LRLCY) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 18,100 shares, a drop of 15.0% from the March 31st total of 21,300 shares. Based on an average trading volume of 203,700 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of L’Oréal from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th.

L’Oréal Trading Up 0.5 %

Shares of LRLCY stock traded up $0.42 during mid-day trading on Tuesday, hitting $93.62. 62,802 shares of the stock traded hands, compared to its average volume of 107,304. The stock’s fifty day moving average is $94.30 and its two-hundred day moving average is $93.26. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.79 and a current ratio of 1.10. L’Oréal has a 52-week low of $77.11 and a 52-week high of $100.28.

L’Oréal Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, May 21st. Investors of record on Thursday, April 25th will be given a dividend of $1.4219 per share. This is a positive change from L’Oréal’s previous dividend of $1.03. The ex-dividend date of this dividend is Wednesday, April 24th.

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.