Safran SA (OTCMKTS:SAFRF – Get Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 156,136 shares, a drop of 34.3% from the May 31st total of 237,641 shares. Based on an average daily volume of 20,797 shares, the short-interest ratio is currently 7.5 days.
Safran Price Performance
OTCMKTS SAFRF opened at $400.54 on Friday. The company’s 50 day moving average is $347.72 and its 200-day moving average is $357.26. Safran has a 12-month low of $307.16 and a 12-month high of $422.60.
Safran Company Profile
Safran is a French multinational specializing in aerospace, defense and security, formed in 2005 through the merger of aircraft engine maker SNECMA and electronics group SAGEM. Headquartered in Paris, the company has grown into a leading supplier of propulsion systems and aircraft equipment, leveraging a long history of engineering expertise dating back to both legacy firms’ origins in the early 20th century.
In its core aerospace activities, Safran designs, develops and produces commercial and military aircraft engines, auxiliary power units and rocket engines.
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