Short Interest in Safran SA (OTCMKTS:SAFRF) Decreases By 34.3%

Safran SA (OTCMKTS:SAFRF) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 156,136 shares, a decrease of 34.3% from the May 31st total of 237,641 shares. Based on an average daily trading volume, of 20,797 shares, the short-interest ratio is currently 7.5 days.

Safran Price Performance

Safran stock opened at $401.36 on Thursday. The company’s 50-day moving average price is $346.39 and its two-hundred day moving average price is $356.85. Safran has a twelve month low of $307.16 and a twelve 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.