L’Oreal SA (OTCMKTS:LRLCY) Sees Large Increase in Short Interest

L’Oreal SA (OTCMKTS:LRLCY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 150,942 shares, an increase of 192.6% from the June 15th total of 51,593 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 799,304 shares, the days-to-cover ratio is currently 0.2 days.

L’Oreal Trading Up 0.3%

Shares of OTCMKTS:LRLCY traded up $0.24 during trading on Wednesday, reaching $86.28. The stock had a trading volume of 10,457 shares, compared to its average volume of 240,244. L’Oreal has a 52 week low of $78.82 and a 52 week high of $95.48. The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23. The firm’s fifty day moving average is $86.79 and its 200 day moving average is $86.92.

Analyst Ratings Changes

Several research firms have recently commented on LRLCY. Deutsche Bank Aktiengesellschaft downgraded L’Oreal from a “hold” rating to a “sell” rating in a report on Monday, June 22nd. Berenberg Bank raised L’Oreal from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Citigroup raised shares of L’Oreal from a “neutral” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, BNP Paribas Exane raised L’Oreal from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

L’Oreal Company Profile

L’Oréal SA is a global beauty and personal care company, founded in 1909 by Eugène Schueller and headquartered in Clichy, France. The company develops, manufactures and markets a broad range of consumer and professional products across cosmetics, skin care, hair care, hair color, and fragrances. L’Oréal serves customers around the world through a combination of direct retail, salons, pharmacies, department stores and e-commerce, operating in numerous countries across Europe, the Americas, Asia-Pacific, Africa and the Middle East.

Operations are organized around several business divisions that target distinct channels and consumer segments, including Consumer Products, L’Oréal Luxe, Professional Products and Active Cosmetics.