Safran SA (OTCMKTS:SAFRY – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 187,756 shares, a growth of 82.7% from the July 15th total of 102,795 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 496,465 shares, the short-interest ratio is presently 0.4 days.
Safran Trading Up 1.2%
Shares of OTCMKTS:SAFRY opened at $104.14 on Friday. The firm has a 50 day simple moving average of $96.27 and a 200 day simple moving average of $90.96. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68. Safran has a one year low of $76.86 and a one year high of $106.71.
Analyst Ratings Changes
A number of equities analysts recently commented on SAFRY shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Safran in a research report on Wednesday, July 29th. DZ Bank downgraded Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research note on Wednesday, July 29th. Jefferies Financial Group reissued a “hold” rating on shares of Safran in a report on Thursday. Finally, Citigroup reaffirmed a “neutral” rating on shares of Safran in a research report on Monday, July 13th. Two analysts have 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 MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
About Safran
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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