Safran SA (OTCMKTS:SAFRY – Get Free Report) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 102,795 shares, a drop of 76.5% from the June 30th total of 437,380 shares. Based on an average trading volume of 283,675 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are short sold.
Safran Stock Performance
Shares of SAFRY opened at $93.66 on Friday. The company’s fifty day moving average is $91.24 and its 200 day moving average is $90.07. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.68 and a current ratio of 0.93. Safran has a fifty-two week low of $76.86 and a fifty-two week high of $106.71.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company upgraded shares of Safran to a “strong-buy” rating in a research report on Tuesday, March 31st. Jefferies Financial Group reissued a “hold” rating on shares of Safran in a report on Friday, July 10th. Citigroup restated a “neutral” rating on shares of Safran in a research report on Monday, July 13th. BNP Paribas Exane began coverage on Safran in a report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a research report on Thursday, April 9th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Safran has a consensus rating of “Moderate 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.
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