Short Interest in Safran SA (OTCMKTS:SAFRY) Decreases By 36.9%

Safran SA (OTCMKTS:SAFRY – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 118,521 shares, a decline of 36.9% from the July 30th total of 187,756 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 265,648 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

A number of analysts have recently issued reports on SAFRY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research note on Wednesday, July 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a research note on Thursday, August 13th. DZ Bank downgraded Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Royal Bank Of Canada reissued an “outperform” rating on shares of Safran in a report on Wednesday, July 29th. Finally, Citigroup reiterated a “neutral” rating on shares of Safran in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Safran has an average rating of “Moderate Buy”.

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Safran Stock Down 2.3%

SAFRY stock opened at $97.26 on Tuesday. The stock has a 50-day moving average price of $98.50 and a 200-day moving average price of $91.72. Safran has a 1-year low of $76.86 and a 1-year high of $106.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68.

About Safran

(Get Free Report)

Safran is a French multinational company active in aerospace, defense and security, with headquarters in the Paris area. The group was formed through the consolidation of long-established French aerospace and technology businesses and has developed into a broad supplier to commercial aviation, helicopters, space programs and military customers. Safran operates manufacturing, engineering and service facilities around the world to support original equipment manufacturers and aftermarket needs.

The company’s principal activities cover aircraft propulsion and equipment.

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