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

Safran SA (OTCMKTS:SAFRYGet Free Report) saw a significant drop in short interest during the month of 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. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 325,281 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 325,281 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SAFRY. The Goldman Sachs Group initiated coverage on Safran in a research report on Friday, September 19th. They set a “buy” rating for the company. Jefferies Financial Group reiterated a “buy” rating on shares of Safran in a research report on Friday, October 24th. Finally, Zacks Research downgraded shares of Safran from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Read Our Latest Report on Safran

Safran Stock Performance

SAFRY stock traded up $0.53 on Friday, hitting $88.50. 124,815 shares of the company’s stock traded hands, compared to its average volume of 167,521. Safran has a 1-year low of $54.31 and a 1-year high of $90.44. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $87.01 and a 200-day moving average of $84.12.

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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