Short Interest in Safran SA (OTCMKTS:SAFRY) Drops By 14.2%

Safran SA (OTCMKTS:SAFRY) was the recipient of a significant drop in short interest in February. As of February 27th, there was short interest totaling 104,387 shares, a drop of 14.2% from the February 12th total of 121,728 shares. Based on an average daily volume of 546,984 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 546,984 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SAFRY. Zacks Research downgraded shares of Safran from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 11th. Citigroup reaffirmed a “neutral” rating on shares of Safran in a research report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Safran has an average rating of “Buy”.

Safran Stock Down 1.2%

SAFRY stock opened at $86.81 on Thursday. Safran has a one year low of $54.57 and a one year 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 50-day simple moving average of $93.60 and a two-hundred day simple moving average of $89.06.

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.