Short Interest in Safran SA (OTCMKTS:SAFRY) Increases By 220.0%

Safran SA (OTCMKTS:SAFRY) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 437,380 shares, a growth of 220.0% from the June 15th total of 136,677 shares. Based on an average daily trading volume, of 595,393 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Safran Stock Down 0.4%

Shares of OTCMKTS SAFRY traded down $0.35 during mid-day trading on Tuesday, hitting $92.95. The company had a trading volume of 190,446 shares, compared to its average volume of 270,388. Safran has a 1 year low of $76.86 and a 1 year high of $106.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.93 and a quick ratio of 0.68. The stock’s 50-day moving average price is $89.40 and its 200-day moving average price is $89.74.

Analysts Set New Price Targets

A number of research analysts have recently commented on SAFRY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Safran in a research report on Thursday, April 9th. BNP Paribas Exane began coverage on Safran in a report on Monday, April 13th. They issued a “neutral” rating for the company. Citigroup restated a “neutral” rating on shares of Safran in a research note on Monday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Safran in a report on Friday. Finally, Wells Fargo & Company upgraded shares of Safran to a “strong-buy” rating in a research report on Tuesday, March 31st. Two research 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 company’s stock. According to data from MarketBeat, the stock has an average 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.