Short Interest in Safran SA (OTCMKTS:SAFRY) Decreases By 23.2%

Safran SA (OTCMKTS:SAFRY - Get Free Report) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 66,700 shares, a drop of 23.2% from the April 30th total of 86,800 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 706,500 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of research firms have recently issued reports on SAFRY. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Safran in a report on Thursday, May 22nd. Kepler Capital Markets upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a report on Monday, April 28th. One analyst has rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy".

Safran Stock Up 0.1%

SAFRY traded up $0.09 during trading hours on Wednesday, hitting $75.81. 136,228 shares of the stock were exchanged, compared to its average volume of 310,871. The stock has a 50-day simple moving average of $66.76 and a 200-day simple moving average of $62.89. Safran has a 12 month low of $51.02 and a 12 month high of $76.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88.

Safran Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, May 29th will be paid a $0.6108 dividend. This represents a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, May 28th. This is an increase from Safran's previous dividend of $0.59.

About Safran

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.