Short Interest in L’Oreal SA (OTCMKTS:LRLCY) Increases By 80.8%

L’Oreal SA (OTCMKTS:LRLCY) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 84,915 shares, a growth of 80.8% from the July 30th total of 46,966 shares. Based on an average trading volume of 199,733 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

LRLCY has been the subject of several analyst reports. Argus set a $100.00 target price on L’Oreal in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft cut L’Oreal from a “hold” rating to a “sell” rating in a research note on Monday, June 22nd. Berenberg Bank raised L’Oreal from a “hold” rating to a “buy” rating in a research report on Thursday, May 28th. BNP Paribas Exane upgraded shares of L’Oreal from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group raised shares of L’Oreal from an “underperform” rating to a “hold” rating in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.

L’Oreal Trading Up 0.9%

Shares of LRLCY stock traded up $0.78 on Friday, reaching $90.15. 98,546 shares of the stock were exchanged, compared to its average volume of 127,337. The business’s 50 day moving average price is $87.93 and its 200 day moving average price is $86.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.15 and a current ratio of 1.44. L’Oreal has a twelve month low of $78.82 and a twelve month high of $95.48.

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.