Short Interest in L’Oreal SA (OTCMKTS:LRLCY) Drops By 34.8%

L’Oreal SA (OTCMKTS:LRLCY) was the target of a large decrease in short interest in the month of 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 shares of the company are short sold.

L’Oreal Trading Up 0.5%

LRLCY stock traded up $0.49 during trading hours on Tuesday, hitting $89.90. 16,150 shares of the stock were exchanged, compared to its average volume of 215,519. The company has a quick ratio of 1.15, a current ratio of 1.44 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $85.51 and a two-hundred day simple moving average of $86.80. L’Oreal has a 12 month low of $78.82 and a 12 month high of $95.48.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LRLCY shares. HSBC upgraded shares of L’Oreal to a “buy” rating in a report on Tuesday, February 17th. Zacks Research downgraded shares of L’Oreal from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Berenberg Bank upgraded shares of L’Oreal from a “hold” rating to a “buy” rating in a report on Thursday, May 28th. Royal Bank Of Canada reiterated an “outperform” rating on shares of L’Oreal in a report on Tuesday, February 17th. Finally, BNP Paribas Exane upgraded shares of L’Oreal from an “underperform” rating to a “neutral” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, L’Oreal presently has a consensus rating of “Moderate Buy”.

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.