Safran SA (OTCMKTS:SAFRY) Short Interest Down 26.3% in March

Safran SA (OTCMKTS:SAFRY) was the target of a significant decline in short interest in the month of 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 daily trading volume, of 852,700 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Safran Stock Down 0.8 %

Shares of OTCMKTS:SAFRY opened at $66.55 on Friday. The firm has a 50 day moving average of $65.10 and a 200-day moving average of $59.72. Safran has a 12 month low of $51.02 and a 12 month high of $72.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.61 and a current ratio of 0.88.

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.