Short Interest in L’Oreal SA (OTCMKTS:LRLCY) Decreases By 90.3%

L’Oreal SA (OTCMKTS:LRLCY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 14,684 shares, a drop of 90.3% from the June 30th total of 150,942 shares. Based on an average trading volume of 245,394 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

L’Oreal Price Performance

L’Oreal stock traded up $1.05 during midday trading on Friday, reaching $84.75. The company had a trading volume of 182,881 shares, compared to its average volume of 207,528. The firm’s fifty day simple moving average is $87.06 and its 200-day simple moving average is $86.93. L’Oreal has a 12-month low of $78.82 and a 12-month high of $95.48. The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Berenberg Bank upgraded L’Oreal from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft downgraded L’Oreal from a “hold” rating to a “sell” rating in a research note on Monday, June 22nd. Citigroup upgraded L’Oreal from a “neutral” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, BNP Paribas Exane raised shares of L’Oreal from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, L’Oreal 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.