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

Safran SA (OTCMKTS:SAFRY) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 92,437 shares, a growth of 56.2% from the December 15th total of 59,194 shares. Based on an average daily trading volume, of 221,154 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 221,154 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Safran in a research report on Friday, October 24th. Zacks Research cut Safran from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group began coverage on shares of Safran in a research report on Friday, September 19th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Safran has a consensus rating of “Buy”.

Safran Stock Performance

Shares of Safran stock opened at $92.29 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.66 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $87.79 and a 200 day moving average of $85.65. Safran has a 52-week low of $54.57 and a 52-week high of $96.45.

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.