L'Air Liquide S.A. (OTCMKTS:AIQUY) Short Interest Down 62.4% in May

L'Air Liquide S.A. (OTCMKTS:AIQUY - Get Free Report) was the recipient of a large drop in short interest in May. As of May 31st, there was short interest totalling 121,500 shares, a drop of 62.4% from the May 15th total of 323,000 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily volume of 412,700 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Accent Capital Management LLC acquired a new stake in shares of L'Air Liquide during the first quarter worth about $34,000. First Horizon Advisors Inc. raised its position in L'Air Liquide by 37.8% during the 1st quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company's stock worth $40,000 after buying an additional 286 shares during the last quarter. GAMMA Investing LLC raised its position in L'Air Liquide by 52.2% during the 1st quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company's stock worth $176,000 after buying an additional 1,588 shares during the last quarter. SVB Wealth LLC acquired a new stake in L'Air Liquide during the 4th quarter valued at approximately $248,000. Finally, Hancock Whitney Corp boosted its holdings in shares of L'Air Liquide by 3.2% in the 1st quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company's stock valued at $667,000 after acquiring an additional 547 shares during the last quarter. 0.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AIQUY has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered L'Air Liquide from an "overweight" rating to a "neutral" rating in a research report on Tuesday, April 29th. Santander assumed coverage on L'Air Liquide in a research note on Tuesday, May 27th. They set a "neutral" rating on the stock. Finally, Citigroup reaffirmed a "buy" rating on shares of L'Air Liquide in a research report on Monday, March 24th.

L'Air Liquide Stock Performance

Shares of AIQUY traded down $0.55 during trading hours on Friday, reaching $41.99. 100,467 shares of the company traded hands, compared to its average volume of 274,500. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.57. The business has a fifty day moving average price of $40.57 and a 200-day moving average price of $37.01. L'Air Liquide has a 12-month low of $31.68 and a 12-month high of $42.67.

L'Air Liquide Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 19th were paid a dividend of $0.5257 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a yield of 1.26%.

About L'Air Liquide

L'Air Liquide SA provides gases, technologies, and services for the industrial and health sectors in Europe, the Americas, the Asia Pacific, the Middle East, and Africa. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.