L’Air Liquide S.A. (OTCMKTS:AIQUY) Short Interest Down 64.7% in May

L’Air Liquide S.A. (OTCMKTS:AIQUYGet Rating) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totalling 56,300 shares, a decrease of 64.7% from the April 30th total of 159,500 shares. Based on an average daily volume of 343,900 shares, the days-to-cover ratio is currently 0.2 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its stake in L’Air Liquide by 44.8% during the 1st quarter. Captrust Financial Advisors now owns 14,588 shares of the basic materials company’s stock worth $510,000 after acquiring an additional 4,512 shares during the period. SVB Wealth LLC raised its position in shares of L’Air Liquide by 69.6% during the first quarter. SVB Wealth LLC now owns 26,780 shares of the basic materials company’s stock valued at $936,000 after buying an additional 10,986 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of L’Air Liquide by 4.7% during the first quarter. PNC Financial Services Group Inc. now owns 12,239 shares of the basic materials company’s stock valued at $433,000 after buying an additional 546 shares during the last quarter. Boston Private Wealth LLC raised its position in shares of L’Air Liquide by 74.6% during the fourth quarter. Boston Private Wealth LLC now owns 15,794 shares of the basic materials company’s stock valued at $551,000 after buying an additional 6,748 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its position in shares of L’Air Liquide by 26.5% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 226,869 shares of the basic materials company’s stock valued at $7,911,000 after buying an additional 47,476 shares during the last quarter. Institutional investors own 0.02% of the company’s stock.

Shares of OTCMKTS:AIQUY opened at $34.37 on Thursday. The firm’s 50 day moving average price is $34.39 and its 200-day moving average price is $34.14. L’Air Liquide has a twelve month low of $29.82 and a twelve month high of $36.29. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 0.48.

The company also recently announced a dividend, which will be paid on Thursday, June 9th. Shareholders of record on Friday, May 13th will be paid a dividend of $0.4939 per share. This represents a yield of 1.46%. The ex-dividend date is Thursday, May 12th.

Several brokerages have commented on AIQUY. UBS Group upped their price objective on shares of L’Air Liquide from €173.00 ($184.04) to €177.00 ($188.30) and gave the stock a “buy” rating in a report on Tuesday, April 5th. Credit Suisse Group began coverage on shares of L’Air Liquide in a research report on Tuesday, April 26th. They issued an “outperform” rating on the stock. Berenberg Bank upped their target price on shares of L’Air Liquide from €152.00 ($161.70) to €160.00 ($170.21) in a research report on Friday, April 22nd. Morgan Stanley upped their target price on shares of L’Air Liquide from €152.00 ($161.70) to €155.00 ($164.89) in a research report on Friday, February 18th. Finally, Zacks Investment Research raised shares of L’Air Liquide from a “sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $150.00.

L’Air Liquide Company Profile (Get Rating)

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. The company's Gas & Services segment offers oxygen, nitrogen, argon, hydrogen, and carbon monoxide to the metals, chemicals, refining, and energy sectors; and gases, application equipment, and associated services to the materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.

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