Safran SA (OTCMKTS:SAFRF – Get Free Report) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 156,136 shares, a drop of 34.3% from the May 31st total of 237,641 shares. Based on an average daily trading volume, of 20,797 shares, the short-interest ratio is currently 7.5 days.
Safran Price Performance
SAFRF stock opened at $401.36 on Thursday. Safran has a 1-year low of $307.16 and a 1-year high of $422.60. The business’s 50 day simple moving average is $346.39 and its 200 day simple moving average is $356.85.
About Safran
Safran is a French multinational specializing in aerospace, defense and security, formed in 2005 through the merger of aircraft engine maker SNECMA and electronics group SAGEM. Headquartered in Paris, the company has grown into a leading supplier of propulsion systems and aircraft equipment, leveraging a long history of engineering expertise dating back to both legacy firms’ origins in the early 20th century.
In its core aerospace activities, Safran designs, develops and produces commercial and military aircraft engines, auxiliary power units and rocket engines.
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