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

L’Oreal SA (OTCMKTS:LRLCY) was the recipient of a large drop in short interest in 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. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 643,281 shares, the short-interest ratio is currently 0.1 days.

L’Oreal Stock Down 1.9%

OTCMKTS:LRLCY traded down $1.71 during trading hours on Tuesday, reaching $86.96. 17,795 shares of the company’s stock were exchanged, compared to its average volume of 250,079. The company has a current ratio of 1.44, a quick ratio of 1.15 and a debt-to-equity ratio of 0.23. L’Oreal has a 12 month low of $78.82 and a 12 month high of $95.48. The business’s 50-day simple moving average is $86.32 and its two-hundred day simple moving average is $86.90.

Analysts Set New Price Targets

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