Safran SA (OTCMKTS:SAFRY) Sees Large Growth in Short Interest

Safran SA (OTCMKTS:SAFRY) was the target of a large growth in short interest in September. As of September 15th, there was short interest totalling 53,400 shares, a growth of 44.3% from the August 31st total of 37,000 shares. Based on an average trading volume of 391,500 shares, the days-to-cover ratio is presently 0.1 days.

Safran Stock Down 1.5 %

Safran stock traded down $0.93 during mid-day trading on Friday, reaching $59.44. The company’s stock had a trading volume of 69,778 shares, compared to its average volume of 128,196. The company has a quick ratio of 0.61, a current ratio of 0.88 and a debt-to-equity ratio of 0.35. Safran has a 12 month low of $37.54 and a 12 month high of $60.57. The business’s 50 day simple moving average is $54.83 and its 200 day simple moving average is $55.37.

Analyst Upgrades and Downgrades

Several analysts have issued reports on SAFRY shares. Citigroup raised Safran from a “neutral” rating to a “buy” rating in a research note on Thursday, June 27th. Royal Bank of Canada raised Safran to a “moderate buy” rating in a research report on Wednesday, September 11th.

About Safran

Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.