Short Interest in Safran SA (OTCMKTS:SAFRY) Expands By 53.4%

Safran SA (OTCMKTS:SAFRY) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 102,300 shares, an increase of 53.4% from the May 15th total of 66,700 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 507,200 shares, the days-to-cover ratio is currently 0.2 days.

Safran Trading Up 2.4%

Shares of Safran stock traded up $1.78 during trading on Tuesday, hitting $74.64. The stock had a trading volume of 139,634 shares, compared to its average volume of 297,488. The business has a fifty day moving average of $68.91 and a two-hundred day moving average of $63.93. Safran has a fifty-two week low of $51.02 and a fifty-two week high of $76.30. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35.

Safran Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, May 29th will be given a dividend of $0.6108 per share. This is a positive change from Safran’s previous dividend of $0.59. The ex-dividend date is Wednesday, May 28th. This represents a dividend yield of 0.82%.

Wall Street Analyst Weigh In

SAFRY has been the subject of a number of recent analyst reports. Citigroup lowered shares of Safran from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Safran in a report on Thursday, May 22nd. Finally, Kepler Capital Markets raised Safran from a “hold” rating to a “strong-buy” rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Safran has an average rating of “Moderate Buy”.

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.