Short Interest in Safran SA (OTCMKTS:SAFRY) Decreases By 26.0%

by · The Cerbat Gem

Safran SA (OTCMKTS:SAFRY – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 39,500 shares, a decline of 26.0% from the September 15th total of 53,400 shares. Based on an average trading volume of 137,000 shares, the days-to-cover ratio is presently 0.3 days.

Safran Price Performance

Shares of Safran stock traded up $1.08 during trading on Monday, hitting $57.03. 63,238 shares of the company’s stock traded hands, compared to its average volume of 173,614. Safran has a 1 year low of $38.28 and a 1 year high of $60.57. The business has a 50-day simple moving average of $55.47 and a 200-day simple moving average of $55.46. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35.

Wall Street Analyst Weigh In

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

View Our Latest Stock Report on SAFRY

About Safran

(Get Free Report)

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.

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