Short Interest in Safran SA (OTCMKTS:SAFRY) Drops By 26.3%

Safran SA (OTCMKTS:SAFRY) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 155,600 shares, a decline of 26.3% from the February 28th total of 211,000 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 852,700 shares, the days-to-cover ratio is currently 0.2 days.

Safran Stock Down 0.8 %

OTCMKTS:SAFRY opened at $66.55 on Friday. Safran has a one year low of $51.02 and a one year high of $72.00. The company has a current ratio of 0.88, a quick ratio of 0.61 and a debt-to-equity ratio of 0.35. The firm’s 50 day simple moving average is $65.10 and its 200 day simple moving average is $59.72.

Analyst Ratings Changes

Separately, Morgan Stanley downgraded Safran from an “overweight” rating to an “equal weight” rating in a research report on Thursday, January 16th.

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.