Safran SA (OTCMKTS:SAFRY – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 102,795 shares, a decline of 76.5% from the June 30th total of 437,380 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 283,675 shares, the days-to-cover ratio is presently 0.4 days.
Safran Stock Performance
Shares of OTCMKTS SAFRY traded up $1.40 during midday trading on Monday, hitting $95.06. The company had a trading volume of 108,425 shares, compared to its average volume of 268,222. Safran has a twelve month low of $76.86 and a twelve month high of $106.71. The business has a 50-day simple moving average of $91.24 and a two-hundred day simple moving average of $90.05. The company has a quick ratio of 0.68, a current ratio of 0.93 and a debt-to-equity ratio of 0.18.
Wall Street Analyst Weigh In
SAFRY has been the subject of several recent analyst reports. BNP Paribas Exane assumed coverage on shares of Safran in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Citigroup reissued a “neutral” rating on shares of Safran in a report on Monday, July 13th. Jefferies Financial Group restated a “hold” rating on shares of Safran in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a report on Thursday, April 9th. Finally, Wells Fargo & Company raised Safran to a “strong-buy” rating in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently 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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