Safran SA (OTCMKTS:SAFRY – Get Free Report) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 104,387 shares, a drop of 14.2% from the February 12th total of 121,728 shares. Based on an average daily trading volume, of 546,984 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 546,984 shares, the days-to-cover ratio is presently 0.2 days.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Citigroup restated a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy”.
Read Our Latest Stock Report on Safran
Safran Trading Up 2.0%
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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