Short Interest in L’Oréal S.A. (OTCMKTS:LRLCY) Declines By 18.0%

L’Oréal S.A. (OTCMKTS:LRLCY) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 274,600 shares, a decline of 18.0% from the March 15th total of 334,900 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 373,600 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

Several research firms have issued reports on LRLCY. Argus raised L’Oréal to a “strong-buy” rating in a report on Thursday, February 13th. Royal Bank of Canada upgraded shares of L’Oréal from a “sector perform” rating to an “outperform” rating in a research report on Friday, March 21st. Finally, Berenberg Bank cut L’Oréal from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

L’Oréal Price Performance

Shares of L’Oréal stock opened at $80.88 on Tuesday. L’Oréal has a twelve month low of $66.64 and a twelve month high of $99.65. The company has a current ratio of 1.01, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $75.92 and its 200-day simple moving average is $73.93.

About L’Oréal

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.