L’Oréal S.A. (OTCMKTS:LRLCY) Sees Significant Decline in Short Interest

L’Oréal S.A. (OTCMKTS:LRLCY) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 11,200 shares, a decrease of 87.7% from the February 29th total of 90,800 shares. Based on an average daily trading volume, of 144,300 shares, the short-interest ratio is presently 0.1 days.

L’Oréal Price Performance

OTCMKTS:LRLCY traded up $1.72 on Wednesday, reaching $95.31. 51,329 shares of the stock traded hands, compared to its average volume of 105,820. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. L’Oréal has a 12 month low of $77.11 and a 12 month high of $100.28. The company’s fifty day simple moving average is $95.52 and its 200 day simple moving average is $91.94.

L’Oréal Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, April 25th will be paid a dividend of $1.4219 per share. This is a positive change from L’Oréal’s previous dividend of $1.03. The ex-dividend date of this dividend is Wednesday, April 24th.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of L’Oréal from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

L’Oréal Company Profile

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 Active Cosmetics. It offers shampoos, hair care products, shower gels, skincare products, cleansers, hair colorants, deodorants, sun care products, make-up, perfumes, etc.