L’Oreal SA (OTCMKTS:LRLCY) Stock Short Interest Falls 45.4%

L’Oreal SA (OTCMKTS:LRLCY) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 48,941 shares, a drop of 45.4% from the September 30th total of 89,563 shares. Based on an average trading volume of 264,525 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BNP Paribas Exane upgraded L’Oreal from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 2nd. Argus set a $100.00 price target on L’Oreal in a research report on Tuesday, August 18th. Jefferies Financial Group upgraded L’Oreal from an “underperform” rating to a “hold” rating in a research report on Wednesday, August 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of L’Oreal in a research note on Friday, October 23rd. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $100.00.

L’Oreal Stock Up 2.3%

Shares of OTCMKTS LRLCY traded up $2.20 during trading hours on Friday, hitting $97.02. 117,944 shares of the stock were exchanged, compared to its average volume of 186,861. The company’s fifty day simple moving average is $89.06 and its two-hundred day simple moving average is $87.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.70 and a current ratio of 0.97. L’Oreal has a 1-year low of $78.82 and a 1-year high of $99.28.

About L’Oreal

L’Oréal SA is a France-based beauty and personal care company whose shares trade in the United States under the symbol LRLCY. Founded in 1909 by chemist Eugène Schueller, the company has grown into a global provider of cosmetics, skincare, haircare, hair color, fragrances and professional beauty products. Its headquarters are in Clichy, France.

L’Oréal operates through four principal divisions: Professional Products, Consumer Products, L’Oréal Luxe and Dermatological Beauty. Its portfolio includes brands such as L’Oréal Paris, Garnier, Maybelline New York, Lancôme, Yves Saint Laurent Beauty, Kiehl’s, Redken, La Roche-Posay, Vichy and CeraVe.