Safran SA (OTCMKTS:SAFRY) Sees Significant Decrease in Short Interest

Safran SA (OTCMKTS:SAFRY) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 102,795 shares, a drop of 76.5% from the June 30th total of 437,380 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 283,675 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SAFRY shares. Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a report on Friday, July 10th. Wells Fargo & Company upgraded Safran to a “strong-buy” rating in a research report on Tuesday, March 31st. Citigroup reaffirmed a “neutral” rating on shares of Safran in a research note on Monday, July 13th. BNP Paribas Exane assumed coverage on shares of Safran in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Safran Stock Performance

Shares of OTCMKTS:SAFRY opened at $93.66 on Friday. Safran has a 1 year low of $76.86 and a 1 year high of $106.71. The business has a 50 day simple moving average of $91.24 and a two-hundred day simple moving average of $90.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93.

Safran Company Profile

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.