Safran SA (OTCMKTS:SAFRY) Short Interest Down 29.8% in August

Safran SA (OTCMKTS:SAFRY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totalling 37,000 shares, a drop of 29.8% from the August 15th total of 52,700 shares. Based on an average trading volume of 145,000 shares, the days-to-cover ratio is presently 0.3 days.

Safran Price Performance

Shares of OTCMKTS SAFRY traded up $0.23 during mid-day trading on Monday, hitting $56.29. 107,200 shares of the company were exchanged, compared to its average volume of 185,443. The stock has a 50 day simple moving average of $54.18 and a 200-day simple moving average of $55.04. Safran has a 1-year low of $37.54 and a 1-year high of $59.30.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SAFRY. Royal Bank of Canada raised Safran to a “moderate buy” rating in a report on Wednesday, September 11th. Citigroup raised Safran from a “neutral” rating to a “buy” rating in a research report on Thursday, June 27th.

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.