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

Safran SA (OTCMKTS:SAFRY) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 22,400 shares, a growth of 180.0% from the March 31st total of 8,000 shares. Based on an average trading volume of 355,400 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, The Goldman Sachs Group cut Safran from a “buy” rating to a “neutral” rating in a report on Thursday, February 1st.

Safran Price Performance

Shares of Safran stock traded up $0.09 on Friday, reaching $55.77. 103,625 shares of the company’s stock were exchanged, compared to its average volume of 161,372. Safran has a 52 week low of $35.84 and a 52 week high of $57.52. The firm’s 50-day moving average is $54.55 and its two-hundred day moving average is $47.51.

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.