Safran SA (OTCMKTS:SAFRY) Short Interest Update

Safran SA (OTCMKTS:SAFRY) was the target of a large growth in short interest during the month of 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada upgraded shares of Safran to a “moderate buy” rating in a research note on Wednesday, September 11th. Citigroup upgraded Safran from a “neutral” rating to a “buy” rating in a research report on Thursday, June 27th.

Safran Trading Down 1.5 %

Shares of OTCMKTS:SAFRY traded down $0.93 during trading on Friday, hitting $59.44. The company had a trading volume of 69,778 shares, compared to its average volume of 128,196. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.61. The company has a fifty day simple moving average of $54.83 and a two-hundred day simple moving average of $55.38. Safran has a one year low of $37.54 and a one year high of $60.57.

Safran Company Profile

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.