Short Interest in Safran SA (OTCMKTS:SAFRY) Declines By 19.7%

Safran SA (OTCMKTS:SAFRY) was the target of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 83,860 shares, a decline of 19.7% from the February 26th total of 104,387 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 576,335 shares, the short-interest ratio is currently 0.1 days.

Safran Price Performance

Safran stock opened at $78.70 on Tuesday. Safran has a 12-month low of $54.57 and a 12-month high of $106.71. The company has a current ratio of 0.93, a quick ratio of 0.68 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $91.69 and a 200-day simple moving average of $89.07.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SAFRY. Citigroup reaffirmed a “neutral” rating on shares of Safran in a research note on Tuesday, February 17th. Zacks Research lowered Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Safran currently has a consensus rating of “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.