L’Oréal S.A. (OTCMKTS:LRLCY) Short Interest Update

L’Oréal S.A. (OTCMKTS:LRLCYGet Rating) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 33,200 shares, an increase of 132.2% from the March 15th total of 14,300 shares. Based on an average trading volume of 205,600 shares, the days-to-cover ratio is presently 0.2 days.

A number of brokerages have weighed in on LRLCY. Societe Generale lowered L’Oréal from a “buy” rating to a “sell” rating and lowered their price objective for the company from €458.00 ($497.83) to €339.00 ($368.48) in a research note on Monday, February 21st. Barclays upgraded shares of L’Oréal from an “underweight” rating to an “overweight” rating in a research note on Thursday, February 17th. Morgan Stanley reduced their price objective on shares of L’Oréal from €395.00 ($429.35) to €385.00 ($418.48) in a research note on Friday, April 1st. UBS Group boosted their target price on shares of L’Oréal from €435.00 ($472.83) to €450.00 ($489.13) in a research report on Tuesday, January 18th. Finally, Credit Suisse Group raised shares of L’Oréal from an “underperform” rating to a “neutral” rating in a research report on Thursday, February 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, L’Oréal presently has an average rating of “Buy” and a consensus target price of $337.20.

OTCMKTS LRLCY opened at $77.48 on Friday. L’Oréal has a one year low of $71.04 and a one year high of $97.48. The company has a 50-day simple moving average of $79.08 and a 200-day simple moving average of $86.41.

L’Oréal Company Profile (Get Rating)

L'Oréal SA, through its subsidiaries, manufactures and sells cosmetic products for women and men worldwide. The company operates through four divisions: Consumer Products, L'oréal Luxe, Professional Products, and Active Cosmetics. It offers shampoos, hair care products, shower gels, skin care products, cleansers, hair colors, styling products, deodorants, sun care products, make-up, perfumes, etc.

Further Reading

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