L’Air Liquide S.A. (OTCMKTS:AIQUY) Sees Significant Drop in Short Interest

L’Air Liquide S.A. (OTCMKTS:AIQUY) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totalling 113,300 shares, a drop of 14.2% from the March 31st total of 132,000 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 654,900 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. increased its stake in L’Air Liquide by 37.8% during the first quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 286 shares during the last quarter. GAMMA Investing LLC raised its holdings in L’Air Liquide by 52.2% in the 1st quarter. GAMMA Investing LLC now owns 4,629 shares of the basic materials company’s stock valued at $176,000 after buying an additional 1,588 shares during the period. SVB Wealth LLC acquired a new position in L’Air Liquide in the fourth quarter valued at about $248,000. Madison Investment Advisors LLC purchased a new position in L’Air Liquide during the fourth quarter worth about $1,147,000. Finally, Rhumbline Advisers increased its position in shares of L’Air Liquide by 5.8% during the fourth quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company’s stock valued at $1,986,000 after acquiring an additional 3,371 shares during the last quarter. Institutional investors and hedge funds own 0.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AIQUY shares. JPMorgan Chase & Co. lowered L’Air Liquide from an “overweight” rating to a “neutral” rating in a report on Tuesday. Citigroup reissued a “buy” rating on shares of L’Air Liquide in a research note on Monday, March 24th. Finally, Redburn Atlantic raised shares of L’Air Liquide from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th.

L’Air Liquide Stock Performance

OTCMKTS AIQUY opened at $41.92 on Friday. L’Air Liquide has a fifty-two week low of $31.68 and a fifty-two week high of $42.15. The stock’s fifty day moving average is $38.67 and its two-hundred day moving average is $35.77. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.57.

L’Air Liquide Company Profile

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. It operates in Gas & Services, Engineering & Construction, and Global Markets & Technologies segments. The Gas & Services segment comprises large industries business, which offers gas and energy solutions including oxygen, nitrogen, argon, hydrogen, and carbon monoxide, as well as operates cogeneration plants to supply steam and electricity to metals, chemicals, refining, and energy industries; and industrial merchant business line provides industrial gases, equipment, hardgoods, and associated services to materials and energy, automotive and manufacturing, food and pharmaceuticals, technology and research, and craftsmen and retail sectors.