Safran SA (OTCMKTS:SAFRY) Short Interest Up 44.3% in September

Safran SA (OTCMKTS:SAFRY) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 53,400 shares, a growth of 44.3% from the August 31st total of 37,000 shares. Based on an average daily volume of 391,500 shares, the short-interest ratio is currently 0.1 days.

Safran Price Performance

OTCMKTS:SAFRY traded down $0.93 during trading hours on Friday, reaching $59.44. The company’s stock had a trading volume of 69,778 shares, compared to its average volume of 128,196. The stock has a 50 day moving average price of $54.83 and a two-hundred day moving average price of $55.38. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88. Safran has a 12 month low of $37.54 and a 12 month high of $60.57.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SAFRY. Royal Bank of Canada raised Safran to a “moderate buy” rating in a research report on Wednesday, September 11th. Citigroup raised shares of Safran from a “neutral” rating to a “buy” rating in a research note on Thursday, June 27th.

Safran Company Profile

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, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.