Safran SA (OTCMKTS:SAFRY) Short Interest Update

Safran SA (OTCMKTS:SAFRY) was the recipient of a significant drop in short interest in the month of December. As of December 15th, there was short interest totalling 41,800 shares, a drop of 22.2% from the November 30th total of 53,700 shares. Based on an average daily volume of 230,100 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada raised shares of Safran to a “moderate buy” rating in a research report on Wednesday, September 11th.

Safran Stock Performance

Shares of OTCMKTS:SAFRY traded down $0.11 during trading on Monday, hitting $54.83. 108,693 shares of the company were exchanged, compared to its average volume of 159,363. Safran has a 52-week low of $43.04 and a 52-week high of $60.57. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $56.76 and a 200 day moving average of $55.67.

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.