Safran SA (OTCMKTS:SAFRY) Sees Large Growth in Short Interest

Safran SA (OTCMKTS:SAFRY) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 501,300 shares, a growth of 30.2% from the May 31st total of 384,900 shares. Based on an average daily trading volume, of 786,500 shares, the days-to-cover ratio is presently 0.6 days.

Analyst Ratings Changes

Separately, Citigroup upgraded Safran from a “neutral” rating to a “buy” rating in a research report on Thursday.

Safran Price Performance

SAFRY stock traded up $0.17 during midday trading on Monday, hitting $53.25. The stock had a trading volume of 106,200 shares, compared to its average volume of 194,702. The business has a 50-day moving average of $55.97 and a two-hundred day moving average of $52.07. Safran has a 52-week low of $36.42 and a 52-week high of $59.30.

Safran Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 17th. Investors of record on Wednesday, May 29th were paid a dividend of $0.592 per share. The ex-dividend date was Wednesday, May 29th. This is a positive change from Safran’s previous dividend of $0.26.

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.