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

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

L’Oréal Price Performance

LRLCY stock opened at $93.20 on Monday. The firm’s 50-day moving average is $94.33 and its two-hundred day moving average is $93.18. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.79 and a current ratio of 1.10. L’Oréal has a 52 week low of $77.11 and a 52 week high of $100.28.

L’Oréal Increases Dividend

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

Analyst Ratings Changes

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

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.