L'Oreal SA (OTCMKTS:LRLCY) Stock Short Interest Falls 45.4%

Key Points

• L’Oréal’s short interest fell 45.4% to 48,941 shares as of October 15, down from 89,563 shares at the end of September. Short interest represented effectively 0.0% of shares outstanding, with a short-interest ratio of 0.2 days.
• The stock traded at $97.02, near its 52-week high of $99.28, and above its 50-day and 200-day moving averages of $89.06 and $87.61, respectively.
• Analyst sentiment was broadly positive: eight analysts rated L’Oréal a Buy, three rated it Hold and one rated it Sell. The stock had a “Moderate Buy” consensus rating and an average price target of $100.

L'Oreal SA (OTCMKTS:LRLCY - Get Free Report) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 48,941 shares, a drop of 45.4% from the September 30th total of 89,563 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 264,525 shares, the short-interest ratio is presently 0.2 days.

L'Oreal Stock Performance

L'Oreal stock traded up $2.20 during midday trading on Friday, hitting $97.02. The company's stock had a trading volume of 117,944 shares, compared to its average volume of 186,861. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.97 and a quick ratio of 0.70. L'Oreal has a 1-year low of $78.82 and a 1-year high of $99.28. The company has a 50-day moving average price of $89.06 and a two-hundred day moving average price of $87.61.

Analyst Ratings Changes

Several research firms have recently commented on LRLCY. Argus set a $100.00 target price on L'Oreal in a research report on Tuesday, August 18th. Jefferies Financial Group raised L'Oreal from an "underperform" rating to a "hold" rating in a report on Wednesday, August 5th. Citigroup restated a "buy" rating on shares of L'Oreal in a research note on Friday, October 23rd. Finally, BNP Paribas Exane raised L'Oreal from a "neutral" rating to an "outperform" rating in a report on Wednesday, September 2nd. Eight analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, L'Oreal has an average rating of "Moderate Buy" and an average target price of $100.00.

L'Oreal Company Profile

L'Oréal SA is a France-based beauty and personal care company whose shares trade in the United States under the symbol LRLCY. Founded in 1909 by chemist Eugène Schueller, the company has grown into a global provider of cosmetics, skincare, haircare, hair color, fragrances and professional beauty products. Its headquarters are in Clichy, France.

L'Oréal operates through four principal divisions: Professional Products, Consumer Products, L'Oréal Luxe and Dermatological Beauty. Its portfolio includes brands such as L'Oréal Paris, Garnier, Maybelline New York, Lancôme, Yves Saint Laurent Beauty, Kiehl's, Redken, La Roche-Posay, Vichy and CeraVe.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.