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

L’Oreal SA (OTCMKTS:LRLCY) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 102,467 shares, a decrease of 34.8% from the May 14th total of 157,130 shares. Based on an average trading volume of 394,421 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Zacks Research downgraded L’Oreal from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. BNP Paribas Exane upgraded L’Oreal from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 5th. Finally, Berenberg Bank raised L’Oreal from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, L’Oreal currently has an average rating of “Moderate Buy”.

L’Oreal Stock Down 2.7%

Shares of LRLCY stock opened at $87.30 on Thursday. L’Oreal has a 1 year low of $78.82 and a 1 year 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 stock has a 50 day simple moving average of $85.74 and a 200 day simple moving average of $86.83.

About L’Oreal

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.