Safran SA (OTCMKTS:SAFRF) Sees Significant Growth in Short Interest

Safran SA (OTCMKTS:SAFRFGet Rating) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totalling 225,100 shares, a growth of 20.4% from the April 15th total of 186,900 shares. Based on an average daily volume of 4,700 shares, the days-to-cover ratio is currently 47.9 days.

Shares of Safran stock traded up $3.75 during trading on Wednesday, reaching $100.83. The company’s stock had a trading volume of 1,513 shares, compared to its average volume of 5,601. Safran has a 1-year low of $94.56 and a 1-year high of $158.50. The company has a 50-day simple moving average of $110.26 and a two-hundred day simple moving average of $119.04.

Safran Company Profile (Get Rating)

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, and drones.

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