Safran SA (OTCMKTS:SAFRY) Sees Significant Growth in Short Interest

Safran SA (OTCMKTS:SAFRY) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 437,380 shares, an increase of 220.0% from the June 15th total of 136,677 shares. Based on an average daily volume of 595,393 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAFRY. Jefferies Financial Group restated a “hold” rating on shares of Safran in a report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Safran in a research report on Thursday, April 9th. Citigroup raised shares of Safran to a “hold” rating in a research report on Monday, June 8th. BNP Paribas Exane started coverage on Safran in a report on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Wells Fargo & Company upgraded shares of Safran to a “strong-buy” rating in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Safran Stock Down 2.1%

Shares of OTCMKTS SAFRY traded down $2.03 during trading hours on Monday, reaching $94.02. 26,505 shares of the stock were exchanged, compared to its average volume of 270,215. Safran has a 52 week low of $76.86 and a 52 week high of $106.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68. The stock’s fifty day simple moving average is $89.13 and its 200 day simple moving average is $89.71.

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.