Short Interest in Safran SA (OTCMKTS:SAFRY) Increases By 67.7%

Key Points

• Safran SA experienced a significant increase in short interest during August, rising by 67.7% to a total of 85,000 shares as of August 15th.
• Analyst ratings for Safran are mixed, with two analysts rating it as a Strong Buy, two as Buy, and two as Hold, resulting in a consensus rating of "Buy."
• Safran's stock saw a slight decrease, closing at $81.31, with a 52-week range between $53.12 and $85.77.

Safran SA (OTCMKTS:SAFRY - Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totaling 85,000 shares, a growth of 67.7% from the July 31st total of 50,700 shares. Based on an average daily trading volume, of 352,500 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 352,500 shares, the short-interest ratio is presently 0.2 days.

Safran Price Performance

OTCMKTS:SAFRY traded up $1.84 during mid-day trading on Thursday, reaching $83.99. 546,441 shares of the company's stock traded hands, compared to its average volume of 299,031. The company has a quick ratio of 0.59, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average price of $82.68 and a 200-day moving average price of $73.69. Safran has a 12-month low of $53.38 and a 12-month high of $85.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays restated an "overweight" rating on shares of Safran in a research report on Wednesday, June 25th. Sanford C. Bernstein raised shares of Safran from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Safran in a research note on Thursday, May 22nd. Finally, Citigroup downgraded Safran from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 10th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy".

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.