Safran SA (OTCMKTS:SAFRY) Short Interest Update

Safran SA (OTCMKTS:SAFRY) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 50,000 shares, a growth of 26.6% from the September 30th total of 39,500 shares. Based on an average daily trading volume, of 143,300 shares, the short-interest ratio is presently 0.3 days.

Safran Trading Up 0.3 %

Shares of OTCMKTS:SAFRY traded up $0.16 during midday trading on Wednesday, reaching $56.82. 84,715 shares of the company’s stock were exchanged, compared to its average volume of 168,781. 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 fifty-two week low of $38.47 and a fifty-two week high of $60.57. The firm’s 50 day simple moving average is $56.35 and its two-hundred day simple moving average is $55.58.

Analysts Set New Price Targets

Separately, Royal Bank of Canada upgraded shares of Safran to a “moderate buy” rating in a 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.