L’Oréal S.A. (OTCMKTS:LRLCY) Short Interest Down 15.0% in April

L’Oréal S.A. (OTCMKTS:LRLCY) was the recipient of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 18,100 shares, a decrease of 15.0% from the March 31st total of 21,300 shares. Based on an average trading volume of 203,700 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upgraded shares of L’Oréal from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th.

L’Oréal Price Performance

LRLCY stock opened at $93.20 on Monday. L’Oréal has a 1-year low of $77.11 and a 1-year high of $100.28. The business’s 50 day simple moving average is $94.33 and its 200 day simple moving average is $93.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.10 and a quick ratio of 0.79.

L’Oréal Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Thursday, April 25th will be given a dividend of $1.4219 per share. This is a boost from L’Oréal’s previous dividend of $1.03. The ex-dividend date of this dividend is Wednesday, April 24th.

L’Oréal Company Profile

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 Dermatological Beauty. It offers skincare, make-up, hair colourants, haircare, perfumes, and hygiene products.