Safran SA (OTCMKTS:SAFRY) Sees Significant Drop in Short Interest

Safran SA (OTCMKTS:SAFRY) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 155,600 shares, a drop of 26.3% from the February 28th total of 211,000 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 852,700 shares, the days-to-cover ratio is currently 0.2 days.

Safran Trading Down 0.5 %

Shares of OTCMKTS:SAFRY traded down $0.35 during trading hours on Tuesday, hitting $66.22. The company’s stock had a trading volume of 157,310 shares, compared to its average volume of 333,052. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average price is $65.26 and its 200 day moving average price is $59.83. Safran has a 52 week low of $51.02 and a 52 week high of $72.00.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut Safran from an “overweight” rating to an “equal weight” rating in a report on Thursday, January 16th.

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.