Short Interest in L’Oreal SA (OTCMKTS:LRLCY) Expands By 80.8%

L’Oreal SA (OTCMKTS:LRLCY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 84,915 shares, an increase of 80.8% from the July 30th total of 46,966 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 199,733 shares, the days-to-cover ratio is presently 0.4 days.

L’Oreal Stock Down 1.1%

LRLCY traded down $0.98 during trading on Monday, reaching $89.17. The stock had a trading volume of 105,382 shares, compared to its average volume of 223,161. The stock’s 50 day moving average is $87.93 and its two-hundred day moving average is $86.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 1.15. L’Oreal has a one year low of $78.82 and a one year high of $95.48.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LRLCY shares. Berenberg Bank raised shares of L’Oreal from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. Citigroup upgraded shares of L’Oreal from a “neutral” rating to a “buy” rating in a research report on Thursday, June 25th. Jefferies Financial Group raised shares of L’Oreal from an “underperform” rating to a “hold” rating in a research note on Wednesday, August 5th. Argus set a $100.00 price objective on shares of L’Oreal in a report on Tuesday, August 18th. Finally, BNP Paribas Exane raised L’Oreal from an “underperform” rating to a “neutral” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $100.00.

L’Oreal Company Profile

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.