Short Interest in Safran SA (OTCMKTS:SAFRY) Declines By 76.5%

Safran SA (OTCMKTS:SAFRY) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 102,795 shares, a drop of 76.5% from the June 30th total of 437,380 shares. Based on an average trading volume of 283,675 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Safran Trading Up 2.6%

Shares of OTCMKTS:SAFRY traded up $2.34 during midday trading on Friday, hitting $93.66. The company’s stock had a trading volume of 139,078 shares, compared to its average volume of 229,039. Safran has a 12-month low of $76.86 and a 12-month high of $106.71. The business’s 50 day simple moving average is $91.24 and its 200 day simple moving average is $90.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SAFRY. Wells Fargo & Company raised shares of Safran to a “strong-buy” rating in a report on Tuesday, March 31st. Jefferies Financial Group reissued a “hold” rating on shares of Safran in a research note on Friday, July 10th. BNP Paribas Exane assumed coverage on shares of Safran in a research report on Monday, April 13th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a research note on Thursday, April 9th. Finally, Citigroup reiterated a “neutral” rating on shares of Safran in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Safran currently has a consensus rating of “Moderate Buy”.

Safran Company Profile

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.