Safran SA (OTCMKTS:SAFRY) Sees Large Decline in Short Interest

Safran SA (OTCMKTS:SAFRYGet Free Report) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totaling 59,194 shares, a drop of 69.2% from the November 30th total of 192,201 shares. Based on an average daily volume of 325,281 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 325,281 shares, the short-interest ratio is currently 0.2 days.

Safran Stock Performance

Shares of OTCMKTS:SAFRY traded up $0.53 on Friday, hitting $88.50. The company had a trading volume of 124,815 shares, compared to its average volume of 167,521. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.20. Safran has a 52-week low of $54.31 and a 52-week high of $90.44. The business has a 50 day moving average of $87.01 and a 200 day moving average of $84.12.

Analysts Set New Price Targets

A number of analysts have commented on SAFRY shares. Jefferies Financial Group reiterated a “buy” rating on shares of Safran in a research report on Friday, October 24th. The Goldman Sachs Group assumed coverage on shares of Safran in a research report on Friday, September 19th. They issued a “buy” rating on the stock. Finally, Zacks Research cut shares of Safran from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Read Our Latest Report on SAFRY

Safran Company Profile

(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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