Short Interest in L’Oréal S.A. (OTCMKTS:LRLCY) Grows By 76.2%

L’Oréal S.A. (OTCMKTS:LRLCY) was the recipient of a large increase in short interest in February. As of February 15th, there was short interest totalling 204,400 shares, an increase of 76.2% from the January 31st total of 116,000 shares. Based on an average daily trading volume, of 573,200 shares, the days-to-cover ratio is currently 0.4 days.

L’Oréal Price Performance

Shares of LRLCY stock opened at $75.08 on Tuesday. The company has a 50 day moving average price of $71.33 and a 200-day moving average price of $76.04. L’Oréal has a 52 week low of $66.64 and a 52 week high of $99.71. The company has a current ratio of 1.01, a quick ratio of 0.73 and a debt-to-equity ratio of 0.13.

Analysts Set New Price Targets

Separately, Argus raised shares of L’Oréal to a “strong-buy” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company 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.