Short Interest in Safran SA (OTCMKTS:SAFRY) Rises By 336.5%

Key Points

• Short interest surged 336.5% to 366,028 shares as of March 31 (up from 83,860 on March 15), with a days‑to‑cover ratio of 0.7 based on average daily volume of 552,633 shares and 0.0% of shares reported sold short.
• Shares opened at $91.94 and trade in a 12‑month range of $57.18–$106.71, sitting near the 50‑day ($90.75) and 200‑day ($89.09) moving averages.
• Analysts hold a consensus "Buy" rating (3 Strong Buy, 4 Buy, 2 Hold), with Wells Fargo recently upgrading to Strong‑Buy and Deutsche Bank reaffirming Buy while Citi stays Neutral.

Safran SA (OTCMKTS:SAFRY - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 366,028 shares, a growth of 336.5% from the March 15th total of 83,860 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 552,633 shares, the days-to-cover ratio is presently 0.7 days.

Safran Stock Down 0.7%

Shares of SAFRY opened at $91.94 on Friday. Safran has a 12-month low of $57.18 and a 12-month high of $106.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68. The firm has a fifty day moving average price of $90.75 and a 200-day moving average price of $89.09.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Safran in a research note on Thursday. Wells Fargo & Company raised shares of Safran to a "strong-buy" rating in a research note on Tuesday, March 31st. Finally, Citigroup reaffirmed a "neutral" rating on shares of Safran in a research note on Tuesday, February 17th. Three analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.