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 daily trading volume, of 355,400 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

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

Safran Trading Up 0.2 %

SAFRY traded up $0.09 during trading hours on Friday, hitting $55.77. The stock had a trading volume of 101,303 shares, compared to its average volume of 184,468. Safran has a 1 year low of $35.84 and a 1 year high of $57.52. The company’s fifty day simple moving average is $54.44 and its 200 day simple moving average is $47.34.

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.