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

L’Air Liquide S.A. (OTCMKTS:AIQUY) was the recipient of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 121,500 shares, a decrease of 62.4% from the May 15th total of 323,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 412,700 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On L’Air Liquide

Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers lifted 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 acquiring an additional 3,371 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of L’Air Liquide in the 4th quarter valued at $248,000. Madison Investment Advisors LLC bought a new stake in shares of L’Air Liquide during the 4th quarter worth about $1,147,000. Boston Common Asset Management LLC boosted its position in L’Air Liquide by 72.8% during the first quarter. Boston Common Asset Management LLC now owns 108,298 shares of the basic materials company’s stock worth $4,098,000 after purchasing an additional 45,612 shares during the period. Finally, GAMMA Investing LLC grew its stake in L’Air Liquide by 5,687.4% in the 1st quarter. GAMMA Investing LLC now owns 175,995 shares of the basic materials company’s stock valued at $6,691,000 after buying an additional 172,954 shares during the last quarter. 0.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AIQUY has been the topic of several research reports. Santander started coverage on L’Air Liquide in a research note on Tuesday, May 27th. They set a “neutral” rating on the stock. Citigroup reiterated a “buy” rating on shares of L’Air Liquide in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. lowered shares of L’Air Liquide from an “overweight” rating to a “neutral” rating in a research report on Tuesday, April 29th.

L’Air Liquide Trading Down 1.3%

OTCMKTS:AIQUY opened at $41.99 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.57 and a current ratio of 0.77. The company has a 50-day moving average of $40.70 and a 200-day moving average of $37.11. L’Air Liquide has a twelve month low of $31.68 and a twelve month high of $42.67.

L’Air Liquide Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Monday, May 19th were issued a $0.5257 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 1.26%.

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.