Safran SA (OTCMKTS:SAFRY) Short Interest Down 90.6% in September

Key Points

• Safran SA experienced a 90.6% decline in short interest in September, dropping from 383,900 shares to 36,100 shares.
• The company's stock increased by 2.1%, trading at $88.28, with a current ratio of 0.93 and a debt-to-equity ratio of 0.20.
• Analysts are generally optimistic about Safran, with a consensus rating of "Buy", including upgrades and downgrades from various research firms.

Safran SA (OTCMKTS:SAFRY - Get Free Report) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 36,100 shares, a decline of 90.6% from the August 31st total of 383,900 shares. Based on an average trading volume of 519,800 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 519,800 shares, the short-interest ratio is presently 0.1 days.

Safran Stock Up 2.1%

Safran stock traded up $1.80 during midday trading on Tuesday, hitting $88.28. 114,727 shares of the company's stock were exchanged, compared to its average volume of 289,209. The company has a quick ratio of 0.66, a current ratio of 0.93 and a debt-to-equity ratio of 0.20. Safran has a 12 month low of $53.38 and a 12 month high of $88.29. The firm has a 50-day moving average of $83.67 and a two-hundred day moving average of $75.43.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Sanford C. Bernstein upgraded shares of Safran from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Citigroup cut shares of Safran from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Barclays reiterated an "overweight" rating on shares of Safran in a research report on Wednesday, June 25th. Finally, The Goldman Sachs Group assumed coverage on shares of Safran in a research report on Friday, September 19th. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently 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.

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