L’Oréal S.A. (OTCMKTS:LRLCY – Get Free Report) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 204,400 shares, a growth of 76.2% from the January 31st total of 116,000 shares. Based on an average daily trading volume, of 573,200 shares, the days-to-cover ratio is presently 0.4 days.
Wall Street Analyst Weigh In
Separately, Argus raised shares of L’Oréal to a “strong-buy” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, L’Oréal presently has an average rating of “Hold”.
Read Our Latest Stock Report on LRLCY
L’Oréal Stock Performance
About L’Oréal
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.
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