Safran SA (OTCMKTS:SAFRY) Short Interest Update

Safran SA (OTCMKTS:SAFRY) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 501,300 shares, an increase of 30.2% from the May 31st total of 384,900 shares. Based on an average daily trading volume, of 786,500 shares, the short-interest ratio is currently 0.6 days.

Safran Stock Performance

SAFRY stock traded up $0.17 during midday trading on Friday, hitting $53.25. The company had a trading volume of 106,227 shares, compared to its average volume of 310,605. Safran has a 52 week low of $36.42 and a 52 week high of $59.30. The stock’s 50 day moving average price is $55.97 and its 200 day moving average price is $51.98.

Safran Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 17th. Stockholders of record on Wednesday, May 29th were paid a dividend of $0.592 per share. This is an increase from Safran’s previous dividend of $0.26. The ex-dividend date was Wednesday, May 29th.

Analyst Ratings Changes

Separately, Citigroup upgraded Safran from a “neutral” rating to a “buy” rating in a research report on Thursday.

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.