Air Liquide (OTCMKTS:AIQUY) Stock Short Interest Declines 62.3%

Air Liquide (OTCMKTS:AIQUY) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 28,899 shares, a decrease of 62.3% from the September 30th total of 76,677 shares. Based on an average daily volume of 574,923 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Air Liquide in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Air Liquide from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 29th. Morgan Stanley raised Air Liquide from an “underweight” rating to an “overweight” rating in a research note on Monday, July 20th. Finally, Mizuho upgraded Air Liquide to a “strong-buy” rating in a report on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Air Liquide Price Performance

Shares of AIQUY opened at $38.95 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 0.87. Air Liquide has a one year low of $32.88 and a one year high of $41.24. The company has a 50-day simple moving average of $38.64 and a two-hundred day simple moving average of $39.80.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Sterling Capital Management LLC boosted its stake in Air Liquide by 4.6% during the 3rd quarter. Sterling Capital Management LLC now owns 13,518 shares of the basic materials company’s stock valued at $525,000 after purchasing an additional 593 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Air Liquide by 22.8% in the 3rd quarter. GAMMA Investing LLC now owns 13,484 shares of the basic materials company’s stock worth $519,000 after purchasing an additional 2,507 shares in the last quarter. Finally, Madison Asset Management LLC purchased a new position in shares of Air Liquide in the second quarter worth $1,402,000. 0.03% of the stock is owned by hedge funds and other institutional investors.

Air Liquide Company Profile

Air Liquide is a global supplier of industrial, medical and specialty gases, along with related technologies and services. The company produces and distributes gases such as oxygen, nitrogen, hydrogen, argon, carbon dioxide and helium for use in industries including manufacturing, chemicals, energy, electronics, food and beverages, and scientific research. Its offerings also include gas-management systems, equipment and process solutions designed to support customers’ production and safety requirements.

Through its healthcare activities, Air Liquide supplies medical gases, respiratory-care products and services to hospitals, healthcare professionals and patients receiving care at home.