L’Oréal S.A. (OTCMKTS:LRLCY) Short Interest Up 119.9% in April

L’Oréal S.A. (OTCMKTS:LRLCY) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 39,800 shares, an increase of 119.9% from the April 15th total of 18,100 shares. Based on an average trading volume of 193,000 shares, the short-interest ratio is presently 0.2 days.

L’Oréal Price Performance

L’Oréal stock traded up $0.53 during mid-day trading on Monday, reaching $98.14. 62,210 shares of the company traded hands, compared to its average volume of 101,684. L’Oréal has a fifty-two week low of $77.11 and a fifty-two week high of $100.28. The firm’s fifty day moving average is $94.02 and its two-hundred day moving average is $94.15. The company has a current ratio of 1.10, a quick ratio of 0.79 and a debt-to-equity ratio of 0.16.

L’Oréal Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of L’Oréal from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th.

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 Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.