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

L’Oreal SA (OTCMKTS:LRLCY) saw a large decrease in short interest in June. As of June 15th, there was short interest totaling 51,593 shares, a decrease of 49.6% from the May 31st total of 102,467 shares. Based on an average daily trading volume, of 643,281 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

L’Oreal Trading Up 2.0%

LRLCY stock traded up $1.75 during trading hours on Thursday, hitting $88.57. The company’s stock had a trading volume of 74,998 shares, compared to its average volume of 248,170. The stock has a 50 day moving average price of $86.47 and a two-hundred day moving average price of $86.90. L’Oreal has a 12 month low of $78.82 and a 12 month high of $95.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a report on Thursday, June 25th. BNP Paribas Exane raised L’Oreal from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 5th. Berenberg Bank upgraded L’Oreal from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. Deutsche Bank Aktiengesellschaft lowered L’Oreal from a “hold” rating to a “sell” rating in a research report on Monday, June 22nd. Finally, Zacks Research downgraded L’Oreal from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, L’Oreal 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.