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

L’Oreal SA (OTCMKTS:LRLCY) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 102,467 shares, a drop of 34.8% from the May 14th total of 157,130 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 394,421 shares, the short-interest ratio is presently 0.3 days.

L’Oreal Price Performance

OTCMKTS:LRLCY traded up $0.49 during trading hours on Tuesday, hitting $89.90. The company’s stock had a trading volume of 16,150 shares, compared to its average volume of 215,519. The stock has a fifty day simple moving average of $85.51 and a 200-day simple moving average of $86.80. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44. L’Oreal has a twelve month low of $78.82 and a twelve month high of $95.48.

Analysts Set New Price Targets

Several research analysts have weighed in on LRLCY shares. HSBC upgraded L’Oreal to a “buy” rating in a research report on Tuesday, February 17th. BNP Paribas Exane upgraded 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 report on Thursday, May 28th. Royal Bank Of Canada restated an “outperform” rating on shares of L’Oreal in a research report on Tuesday, February 17th. Finally, Zacks Research cut L’Oreal from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, L’Oreal has an average 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.