Safran SA (OTCMKTS:SAFRY) Short Interest Down 19.7% in March

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

Analyst Ratings Changes

Several equities research analysts recently commented on SAFRY shares. Zacks Research lowered shares of Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Citigroup reaffirmed a “neutral” rating on shares of Safran in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Safran Price Performance

OTCMKTS:SAFRY opened at $82.03 on Wednesday. The stock has a 50 day moving average of $91.49 and a two-hundred day moving average of $89.06. 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.

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.