L’Oreal SA (OTCMKTS:LRLCY) Stock Short Interest Falls 45.4%

L’Oreal SA (OTCMKTS:LRLCY) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 48,941 shares, a drop of 45.4% from the September 30th total of 89,563 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 264,525 shares, the short-interest ratio is presently 0.2 days.

L’Oreal Stock Performance

L’Oreal stock traded up $2.20 during midday trading on Friday, hitting $97.02. The company’s stock had a trading volume of 117,944 shares, compared to its average volume of 186,861. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.97 and a quick ratio of 0.70. L’Oreal has a 1-year low of $78.82 and a 1-year high of $99.28. The company has a 50-day moving average price of $89.06 and a two-hundred day moving average price of $87.61.

Analyst Ratings Changes

Several research firms have recently commented on LRLCY. Argus set a $100.00 target price on L’Oreal in a research report on Tuesday, August 18th. Jefferies Financial Group raised L’Oreal from an “underperform” rating to a “hold” rating in a report on Wednesday, August 5th. Citigroup restated a “buy” rating on shares of L’Oreal in a research note on Friday, October 23rd. Finally, BNP Paribas Exane raised L’Oreal from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 2nd. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, L’Oreal has an average rating of “Moderate Buy” and an average target price of $100.00.

L’Oreal Company Profile

L’Oréal SA is a France-based beauty and personal care company whose shares trade in the United States under the symbol LRLCY. Founded in 1909 by chemist Eugène Schueller, the company has grown into a global provider of cosmetics, skincare, haircare, hair color, fragrances and professional beauty products. Its headquarters are in Clichy, France.

L’Oréal operates through four principal divisions: Professional Products, Consumer Products, L’Oréal Luxe and Dermatological Beauty. Its portfolio includes brands such as L’Oréal Paris, Garnier, Maybelline New York, Lancôme, Yves Saint Laurent Beauty, Kiehl’s, Redken, La Roche-Posay, Vichy and CeraVe.