Short Interest in Safran SA (OTCMKTS:SAFRY) Drops By 19.7%

Safran SA (OTCMKTS:SAFRY) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 83,860 shares, a decline of 19.7% from the February 26th total of 104,387 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 576,335 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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

Safran Price Performance

SAFRY opened at $79.63 on Monday. Safran has a 12 month low of $54.57 and a 12 month high of $106.71. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $91.98 and a 200 day moving average of $89.10.

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.