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

Safran SA (OTCMKTS:SAFRY) saw a large decline in short interest in February. As of February 15th, there was short interest totalling 78,400 shares, a decline of 40.0% from the January 31st total of 130,600 shares. Based on an average daily trading volume, of 479,900 shares, the days-to-cover ratio is presently 0.2 days.

Analysts Set New Price Targets

Separately, Morgan Stanley downgraded shares of Safran from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 16th.

Safran Trading Up 2.0 %

Shares of SAFRY stock traded up $1.34 during trading hours on Tuesday, reaching $67.53. The company’s stock had a trading volume of 504,548 shares, compared to its average volume of 335,211. Safran has a fifty-two week low of $51.02 and a fifty-two week high of $68.58. The firm’s 50 day simple moving average is $60.30 and its 200-day simple moving average is $57.88. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35.

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.