Safran SA (OTCMKTS:SAFRY) Short Interest Down 19.7% in March

Safran SA (OTCMKTS:SAFRY) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 83,860 shares, a decline of 19.7% from the February 26th total of 104,387 shares. Based on an average daily volume of 576,335 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SAFRY. Zacks Research downgraded Safran from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Citigroup reiterated a “neutral” rating on shares of Safran in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

Safran Price Performance

SAFRY opened at $79.63 on Monday. Safran has a one year low of $54.57 and a one year high of $106.71. The company has a fifty day moving average price of $91.98 and a 200-day moving average price of $89.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93.

About Safran

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.