Safran SA (OTCMKTS:SAFRY – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 437,380 shares, a growth of 220.0% from the June 15th total of 136,677 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 595,393 shares, the short-interest ratio is currently 0.7 days.
Safran Stock Performance
OTCMKTS SAFRY opened at $92.95 on Wednesday. The stock’s fifty day moving average is $89.67 and its two-hundred day moving average is $89.78. 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 fifty-two week low of $76.86 and a fifty-two week high of $106.71.
Analysts Set New Price Targets
Several research firms recently commented on SAFRY. Wells Fargo & Company raised Safran to a “strong-buy” rating in a research note on Tuesday, March 31st. BNP Paribas Exane began coverage on shares of Safran in a research report on Monday, April 13th. They issued a “neutral” rating for the company. Citigroup reissued a “neutral” rating on shares of Safran in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Safran in a research report on Thursday, April 9th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Safran in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. According to data from 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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