Short Interest in L’Air Liquide S.A. (OTCMKTS:AIQUY) Increases By 70.6%

L’Air Liquide S.A. (OTCMKTS:AIQUY) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 246,300 shares, an increase of 70.6% from the February 28th total of 144,400 shares. Based on an average daily volume of 661,200 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Redburn Atlantic raised L’Air Liquide from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th.

L’Air Liquide Price Performance

L’Air Liquide stock opened at $38.11 on Friday. The stock has a 50-day simple moving average of $36.69 and a 200-day simple moving average of $35.52. L’Air Liquide has a fifty-two week low of $31.68 and a fifty-two week high of $39.98. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.77 and a quick ratio of 0.57.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Madison Investment Advisors LLC purchased a new position in L’Air Liquide in the fourth quarter worth $1,147,000. SVB Wealth LLC purchased a new stake in shares of L’Air Liquide in the fourth quarter valued at $248,000. Finally, Rhumbline Advisers increased its holdings in shares of L’Air Liquide by 5.8% during the 4th quarter. Rhumbline Advisers now owns 61,579 shares of the basic materials company’s stock worth $1,986,000 after buying an additional 3,371 shares during the last quarter. 0.01% of the stock is currently owned by hedge funds and other institutional investors.

About L’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.