Short Interest in L’Air Liquide S.A. (OTCMKTS:AIQUY) Drops By 8.1%

L’Air Liquide S.A. (OTCMKTS:AIQUY) was the target of a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 133,300 shares, a decline of 8.1% from the July 31st total of 145,100 shares. Based on an average trading volume of 358,400 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On L’Air Liquide

An institutional investor recently raised its position in L’Air Liquide stock. Rhumbline Advisers lifted its stake in shares of L’Air Liquide S.A. (OTCMKTS:AIQUY) by 20.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 54,408 shares of the basic materials company’s stock after acquiring an additional 9,268 shares during the period. Rhumbline Advisers’ holdings in L’Air Liquide were worth $1,885,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 0.01% of the company’s stock.

L’Air Liquide Price Performance

Shares of OTCMKTS AIQUY opened at $37.17 on Wednesday. L’Air Liquide has a fifty-two week low of $29.25 and a fifty-two week high of $38.92. The stock has a fifty day moving average of $35.94 and a 200-day moving average of $36.38. The company has a current ratio of 0.87, a quick ratio of 0.64 and a debt-to-equity ratio of 0.34.

L’Air Liquide Company Profile

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.