Safran SA (OTCMKTS:SAFRY) Short Interest Update

Safran SA (OTCMKTS:SAFRY) was the target of a significant growth in short interest during 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 trading volume of 143,300 shares, the short-interest ratio is currently 0.3 days.

Analyst Upgrades and Downgrades

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

Safran Price Performance

Shares of SAFRY traded up $0.16 on Wednesday, reaching $56.82. 84,715 shares of the stock traded hands, compared to its average volume of 168,781. Safran has a 12 month low of $38.47 and a 12 month high of $60.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88. The stock’s 50-day moving average price is $56.35 and its 200-day moving average price is $55.58.

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.