L’Oreal SA (OTCMKTS:LRLCY) Short Interest Down 49.6% in June

L’Oreal SA (OTCMKTS:LRLCY) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 51,593 shares, a drop of 49.6% from the May 31st total of 102,467 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 643,281 shares, the short-interest ratio is presently 0.1 days.

L’Oreal Stock Performance

Shares of OTCMKTS:LRLCY opened at $87.44 on Wednesday. The business’s 50 day simple moving average is $86.39 and its 200 day simple moving average is $86.90. L’Oreal has a 1 year low of $78.82 and a 1 year high of $95.48. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 1.15.

Analysts Set New Price Targets

A number of brokerages have commented on LRLCY. Zacks Research lowered L’Oreal from a “strong-buy” rating to a “hold” rating in a report on Friday, March 6th. Deutsche Bank Aktiengesellschaft downgraded L’Oreal from a “hold” rating to a “sell” rating in a report on Monday, June 22nd. BNP Paribas Exane upgraded shares of L’Oreal from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 5th. Citigroup raised shares of L’Oreal from a “neutral” rating to a “buy” rating in a research report on Thursday, June 25th. Finally, Berenberg Bank upgraded shares of L’Oreal from a “hold” rating to a “buy” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, L’Oreal has an average 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.