Safran SA (OTCMKTS:SAFRY) Short Interest Up 26.6% in October

Safran SA (OTCMKTS:SAFRY) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 50,000 shares, a growth of 26.6% from the September 30th total of 39,500 shares. Based on an average daily trading volume, of 143,300 shares, the short-interest ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Royal Bank of Canada upgraded Safran to a “moderate buy” rating in a research report on Wednesday, September 11th.

Safran Trading Down 0.9 %

Shares of SAFRY traded down $0.50 on Wednesday, hitting $56.66. 273,929 shares of the stock traded hands, compared to its average volume of 169,184. 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 1 year low of $38.47 and a 1 year high of $60.57. The stock’s 50 day moving average is $56.35 and its two-hundred day moving average is $55.58.

About Safran

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.