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

L’Air Liquide S.A. (OTCMKTS:AIQUY) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 246,300 shares, a growth 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 currently 0.4 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

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

L’Air Liquide Price Performance

OTCMKTS AIQUY opened at $38.11 on Friday. The firm’s fifty day simple moving average is $36.69 and its two-hundred day simple moving average is $35.53. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32. L’Air Liquide has a 12-month low of $31.68 and a 12-month high of $39.98.

Analysts Set New Price Targets

Separately, Redburn Atlantic upgraded shares of L’Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th.

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.