Safran SA (OTCMKTS:SAFRY) Short Interest Down 75.1% in April

Key Points

• Short interest plunged 75.1% in April, falling to 91,015 shares from 366,028 on March 31, representing 0.0% of shares sold short and a days-to-cover ratio of just 0.1 days based on average volume.
• Wall Street sentiment is mixed but overall positive with a consensus rating of Moderate Buy (3 Strong Buy, 3 Buy, 4 Hold), while SAFRY recently opened at $79.47 and trades within a 12‑month range of $65.20–$106.71 near its 50- and 200-day SMAs (~$89.85/$89.08).

Safran SA (OTCMKTS:SAFRY - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totaling 91,015 shares, a decrease of 75.1% from the March 31st total of 366,028 shares. Currently, 0.0% of the company's shares are sold short. Based on an average trading volume of 666,774 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

SAFRY has been the subject of several research analyst reports. BNP Paribas Exane began coverage on Safran in a research report on Monday, April 13th. They set a "neutral" rating for the company. Citigroup reaffirmed a "neutral" rating on shares of Safran in a research note on Tuesday, February 17th. Jefferies Financial Group lowered shares of Safran from a "buy" rating to a "hold" rating in a report on Monday. Wells Fargo & Company raised shares of Safran to a "strong-buy" rating in a research report on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Safran in a research note on Thursday, April 9th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Safran currently has a consensus rating of "Moderate Buy".

Safran Stock Down 1.6%

Shares of SAFRY stock opened at $79.47 on Friday. Safran has a twelve month low of $65.20 and a twelve 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. The stock has a fifty day simple moving average of $89.85 and a two-hundred day simple moving average of $89.08.

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.

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