Safran SA (OTCMKTS:SAFRY) Short Interest Up 53.4% in May

Safran SA (OTCMKTS:SAFRY - Get Free Report) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 102,300 shares, an increase of 53.4% from the May 15th total of 66,700 shares. Based on an average trading volume of 507,200 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Safran Trading Down 0.6%

Shares of OTCMKTS:SAFRY traded down $0.44 during trading hours on Tuesday, reaching $74.20. The stock had a trading volume of 179,218 shares, compared to its average volume of 198,796. The firm's 50 day moving average is $68.91 and its 200-day moving average is $63.93. Safran has a 1 year low of $51.02 and a 1 year high of $76.30.

Safran Increases Dividend

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

Wall Street Analysts Forecast Growth

SAFRY has been the subject of a number of research analyst reports. Citigroup cut shares of Safran from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 10th. Kepler Capital Markets raised Safran from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Safran in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

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.