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

Safran SA (OTCMKTS:SAFRY) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 37,000 shares, a decrease of 29.8% from the August 15th total of 52,700 shares. Based on an average daily trading volume, of 145,000 shares, the short-interest ratio is currently 0.3 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on SAFRY. Royal Bank of Canada upgraded shares of Safran to a “moderate buy” rating in a research note on Wednesday, September 11th. Citigroup raised Safran from a “neutral” rating to a “buy” rating in a report on Thursday, June 27th.

Safran Price Performance

Safran stock traded up $0.54 during midday trading on Monday, reaching $56.83. The company’s stock had a trading volume of 63,740 shares, compared to its average volume of 184,759. Safran has a fifty-two week low of $37.54 and a fifty-two week high of $59.30. The stock’s 50 day simple moving average is $54.18 and its 200 day simple moving average is $55.04.

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.