Air Liquide (OTCMKTS:AIQUY) Sees Significant Decline in Short Interest

Air Liquide (OTCMKTS:AIQUY) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totaling 83,000 shares, adropof40.7% from the July 31st total of 139,900 shares. Based on an average daily trading volume, of 259,700 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 259,700 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Air Liquide

A number of institutional investors have recently modified their holdings of AIQUY. Accent Capital Management LLC bought a new stake in shares of Air Liquide in the 1st quarter valued at about $34,000. First Horizon Advisors Inc. boosted its holdings in shares of Air Liquide by 37.8% in the 1st quarter. First Horizon Advisors Inc. now owns 1,042 shares of the basic materials company’s stock valued at $40,000 after buying an additional 286 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 in the last quarter. Kornitzer Capital Management Inc. KS purchased a new position in shares of Air Liquide in the 2nd quarter valued at approximately $208,000. Finally, Hancock Whitney Corp raised its position in shares of Air Liquide by 3.2% in the 1st quarter. Hancock Whitney Corp now owns 17,545 shares of the basic materials company’s stock valued at $667,000 after purchasing an additional 547 shares during the last quarter. 0.01% of the stock is currently owned by institutional investors.

Air Liquide Stock Up 0.1%

OTCMKTS:AIQUY opened at $41.13 on Friday. Air Liquide has a fifty-two week low of $31.68 and a fifty-two week high of $43.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.61 and a current ratio of 0.84. The company’s 50-day simple moving average is $40.95 and its 200-day simple moving average is $40.16.

Wall Street Analysts Forecast Growth

Separately, Santander started coverage on shares of Air Liquide in a research note on Tuesday, May 27th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Air Liquide

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.