Safran SA (OTCMKTS:SAFRY) Sees Large Increase in Short Interest

Key Points

• Safran SA experienced a massive increase in short interest by 351.6% in August, rising from 85,000 shares to 383,900 shares by August 31st.
• The company's stock traded down 0.4% to $83.69, with a current debt-to-equity ratio of 0.38 and a 200-day moving average of $73.83.
• Analysts maintain a generally positive outlook on Safran, with ratings varying from Strong Buy to Hold, resulting in an overall average rating of "Buy."

Safran SA (OTCMKTS:SAFRY - Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 383,900 shares, an increase of 351.6% from the August 15th total of 85,000 shares. Based on an average trading volume of 619,500 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 619,500 shares, the days-to-cover ratio is currently 0.6 days.

Safran Stock Performance

SAFRY traded down $1.70 during trading on Wednesday, reaching $82.56. The company's stock had a trading volume of 184,956 shares, compared to its average volume of 287,793. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $83.03 and a two-hundred day simple moving average of $74.29. Safran has a 1 year low of $53.38 and a 1 year high of $85.77.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Citigroup lowered shares of Safran from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Safran in a research note on Thursday, May 22nd. Barclays reissued an "overweight" rating on shares of Safran in a research note on Wednesday, June 25th. Finally, Sanford C. Bernstein raised shares of Safran from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.