Short Interest in L’Oréal S.A. (OTCMKTS:LRLCY) Increases By 17.5%

L’Oréal S.A. (OTCMKTS:LRLCY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 113,300 shares, a growth of 17.5% from the August 31st total of 96,400 shares. Based on an average trading volume of 526,800 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LRLCY shares. BNP Paribas lowered L’Oréal from a “neutral” rating to an “underperform” rating in a report on Tuesday, September 10th. Jefferies Financial Group upgraded L’Oréal from an “underperform” rating to a “hold” rating in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada raised L’Oréal from an “underperform” rating to a “sector perform” rating in a research report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

L’Oréal Stock Down 1.0 %

L’Oréal stock traded down $0.88 during trading on Monday, reaching $90.52. The stock had a trading volume of 190,900 shares, compared to its average volume of 133,329. L’Oréal has a 52-week low of $77.11 and a 52-week high of $100.28. The company has a quick ratio of 0.79, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $85.18 and a 200 day moving average price of $90.66.

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.