L’Air Liquide S.A. (OTCMKTS:AIQUY – Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 36,200 shares, a growth of 346.9% from the December 31st total of 8,100 shares. Based on an average daily volume of 815,200 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On L’Air Liquide
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS purchased a new stake in shares of L’Air Liquide during the 3rd quarter valued at $202,000. Boston Common Asset Management LLC increased its holdings in shares of L’Air Liquide by 7.2% during the third quarter. Boston Common Asset Management LLC now owns 70,804 shares of the basic materials company’s stock valued at $2,738,000 after acquiring an additional 4,726 shares in the last quarter. Moloney Securities Asset Management LLC raised its position in shares of L’Air Liquide by 7.4% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 38,951 shares of the basic materials company’s stock valued at $1,506,000 after purchasing an additional 2,667 shares during the last quarter. Finally, Hancock Whitney Corp boosted its stake in L’Air Liquide by 8.7% in the 3rd quarter. Hancock Whitney Corp now owns 16,872 shares of the basic materials company’s stock worth $652,000 after purchasing an additional 1,356 shares in the last quarter. Hedge funds and other institutional investors own 0.01% of the company’s stock.
Analysts Set New Price Targets
Separately, Redburn Atlantic upgraded L’Air Liquide from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th.
L’Air Liquide Stock Performance
Shares of OTCMKTS AIQUY opened at $34.81 on Wednesday. L’Air Liquide has a 12-month low of $31.68 and a 12-month high of $39.54. The stock’s fifty day simple moving average is $32.96 and its two-hundred day simple moving average is $35.26. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 0.32.
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.
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