Safran SA (OTCMKTS:SAFRY) Short Interest Down 26.6% in December

Safran SA (OTCMKTS:SAFRY) saw a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 30,700 shares, a decline of 26.6% from the December 15th total of 41,800 shares. Based on an average daily volume of 248,700 shares, the short-interest ratio is currently 0.1 days.

Safran Price Performance

Safran stock traded up $0.59 during midday trading on Friday, hitting $58.30. The company’s stock had a trading volume of 99,336 shares, compared to its average volume of 146,991. Safran has a 12 month low of $45.57 and a 12 month high of $60.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.88 and a quick ratio of 0.61. The stock’s 50-day moving average price is $56.33 and its 200-day moving average price is $55.85.

Analysts Set New Price Targets

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

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.