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

Safran SA (OTCMKTS:SAFRY) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 30,700 shares, a decline of 26.6% from the December 15th total of 41,800 shares. Based on an average trading volume of 248,700 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Separately, Morgan Stanley downgraded shares of Safran from an “overweight” rating to an “equal weight” rating in a report on Thursday.

Safran Price Performance

SAFRY opened at $57.71 on Friday. The business has a fifty day simple moving average of $56.39 and a 200-day simple moving average of $55.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.61. Safran has a fifty-two week low of $45.06 and a fifty-two week high of $60.57.

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.