Safran SA (OTCMKTS:SAFRY) Short Interest Update

Safran SA (OTCMKTS:SAFRY) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 37,000 shares, a decline of 29.8% from the August 15th total of 52,700 shares. Based on an average daily trading volume, of 145,000 shares, the days-to-cover ratio is currently 0.3 days.

Safran Trading Up 1.0 %

Shares of OTCMKTS:SAFRY traded up $0.54 during midday trading on Monday, hitting $56.83. 63,740 shares of the stock were exchanged, compared to its average volume of 184,759. The company has a 50 day moving average price of $54.18 and a 200-day moving average price of $55.04. Safran has a twelve month low of $37.54 and a twelve month high of $59.30.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SAFRY. 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 note on Wednesday, September 11th.

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.