L’Oréal S.A. (OTCMKTS:LRLCY) Short Interest Up 72.3% in March

L’Oréal S.A. (OTCMKTS:LRLCY) was the recipient of 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. Currently, 0.0% of the shares of the stock are short sold.

L’Oréal Trading Up 0.9 %

Shares of LRLCY opened at $74.45 on Monday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.73 and a current ratio of 1.01. The stock’s 50-day moving average price is $74.28 and its two-hundred day moving average price is $74.82. L’Oréal has a 1 year low of $66.64 and a 1 year high of $99.65.

Wall Street Analysts Forecast Growth

LRLCY has been the topic of several research reports. Berenberg Bank lowered L’Oréal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Royal Bank of Canada raised shares of L’Oréal from a “sector perform” rating to an “outperform” rating in a research note on Friday, March 21st. Finally, Argus raised shares of L’Oréal to a “strong-buy” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, L’Oréal presently 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.