Safran SA (OTCMKTS:SAFRY – Get Free Report) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 22,400 shares, an increase of 180.0% from the March 31st total of 8,000 shares. Based on an average trading volume of 355,400 shares, the short-interest ratio is currently 0.1 days.
Safran Stock Up 0.2 %
OTCMKTS SAFRY traded up $0.09 on Friday, hitting $55.77. 101,303 shares of the company’s stock were exchanged, compared to its average volume of 184,468. The stock has a 50-day moving average of $54.44 and a 200-day moving average of $47.34. Safran has a 52 week low of $35.84 and a 52 week high of $57.52.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group cut Safran from a “buy” rating to a “neutral” rating in a research report on Thursday, February 1st.
Safran Company Profile
Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.
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