Short Interest in L’Oreal SA (OTCMKTS:LRLCY) Increases By 80.8%

L’Oreal SA (OTCMKTS:LRLCY) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 84,915 shares, an increase of 80.8% from the July 30th total of 46,966 shares. Based on an average daily volume of 199,733 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

L’Oreal Price Performance

LRLCY traded up $0.78 during mid-day trading on Friday, hitting $90.15. 98,546 shares of the stock were exchanged, compared to its average volume of 127,337. The firm’s fifty day moving average is $87.93 and its two-hundred day moving average is $86.68. L’Oreal has a 1-year low of $78.82 and a 1-year high of $95.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 1.15.

Wall Street Analyst Weigh In

Several research firms have weighed in on LRLCY. Citigroup upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a report on Thursday, June 25th. Argus set a $100.00 price target on shares of L’Oreal in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft cut 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 research note on Thursday, May 28th. Finally, BNP Paribas Exane upgraded L’Oreal from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, L’Oreal presently has an average rating of “Moderate Buy” and an average price target of $100.00.

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.