Air Liquide (OTCMKTS:AIQUY) Stock Short Interest Declines 76.5%

Key Points

• Air Liquide’s short interest fell 76.5% to 61,678 shares as of September 15, down from 262,959 shares on August 31. Short interest represented approximately 0.0% of shares outstanding, with a short-interest ratio of 0.1 days.
• Analyst sentiment was broadly positive: the stock received upgrades from Mizuho, Morgan Stanley and Zacks Research, while Citigroup maintained a buy rating. MarketBeat’s consensus rating is “Buy.”
• Air Liquide shares opened at $38.27, within a 52-week range of $32.88 to $41.24. Madison Asset Management initiated a position of 35,520 shares, although institutional investors collectively owned only 0.03% of the stock.

Air Liquide (OTCMKTS:AIQUY - Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 61,678 shares, a drop of 76.5% from the August 31st total of 262,959 shares. Based on an average trading volume of 501,197 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Air Liquide Stock Performance

Shares of Air Liquide stock opened at $38.27 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.68 and a current ratio of 0.87. Air Liquide has a 52-week low of $32.88 and a 52-week high of $41.24. The company's 50 day moving average price is $39.19 and its 200-day moving average price is $40.27.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Mizuho raised Air Liquide to a "strong-buy" rating in a report on Monday, August 31st. Morgan Stanley raised Air Liquide from an "underweight" rating to an "overweight" rating in a report on Monday, July 20th. Zacks Research upgraded shares of Air Liquide from a "strong sell" rating to a "hold" rating in a research report on Wednesday, July 29th. Finally, Citigroup reaffirmed a "buy" rating on shares of Air Liquide in a report on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy".

Hedge Funds Weigh In On Air Liquide

A hedge fund recently bought a new stake in Air Liquide stock. Madison Asset Management LLC bought a new position in Air Liquide (OTCMKTS:AIQUY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,520 shares of the basic materials company's stock, valued at approximately $1,402,000. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

Air Liquide Company Profile

Air Liquide OTCMKTS: AIQUY is a global industrial and healthcare gases company that supplies essential gases, technologies and related services to customers across a range of industries. Its products include oxygen, nitrogen, hydrogen, argon, carbon dioxide and specialty gases, which are used in manufacturing, chemicals, energy, food and beverage, electronics, healthcare and scientific research.

The company also designs and operates gas production and distribution systems, provides industrial and medical equipment, and develops solutions related to hydrogen, low-carbon industry and the energy transition.

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