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

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

L’Oréal Price Performance

OTCMKTS LRLCY traded down $0.76 during mid-day trading on Monday, reaching $89.76. 120,311 shares of the company’s stock traded hands, compared to its average volume of 133,260. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 0.79. L’Oréal has a 1-year low of $77.11 and a 1-year high of $100.28. The company has a fifty day simple moving average of $85.18 and a 200-day simple moving average of $90.66.

Analysts Set New Price Targets

A number of research firms have recently commented on LRLCY. Royal Bank of Canada upgraded L’Oréal from an “underperform” rating to a “sector perform” rating in a report on Wednesday, July 3rd. BNP Paribas cut shares of L’Oréal from a “neutral” rating to an “underperform” rating in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group raised shares of L’Oréal from an “underperform” rating to a “hold” rating in a research report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, L’Oréal presently has a consensus 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 Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.