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

Safran SA (OTCMKTS:SAFRY - Get Free Report) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 98,600 shares, a decrease of 43.4% from the March 31st total of 174,200 shares. Based on an average trading volume of 593,400 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company's shares are sold short.

Safran Stock Up 2.0 %

OTCMKTS:SAFRY traded up $1.33 during mid-day trading on Friday, hitting $68.40. The company had a trading volume of 736,152 shares, compared to its average volume of 313,966. The business has a fifty day simple moving average of $64.75 and a 200-day simple moving average of $60.61. Safran has a 1 year low of $51.02 and a 1 year high of $72.00. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Morgan Stanley lowered Safran from an "overweight" rating to an "equal weight" rating in a research note on Thursday, January 16th. Kepler Capital Markets upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 28th.

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.