Safran SA (OTCMKTS:SAFRF) Sees Significant Decrease in Short Interest

by · The Markets Daily

Safran SA (OTCMKTS:SAFRF – Get Free Report) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 174,500 shares, a decrease of 45.1% from the August 31st total of 318,000 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is currently 44.7 days.

Safran Price Performance

Shares of SAFRF traded down $6.82 during midday trading on Friday, reaching $233.61. The stock had a trading volume of 482 shares, compared to its average volume of 2,531. Safran has a 1-year low of $150.56 and a 1-year high of $246.47. The company’s fifty day simple moving average is $219.09 and its two-hundred day simple moving average is $221.53.

Safran Company Profile

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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.

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