Short Interest in Safran SA (OTCMKTS:SAFRF) Declines By 20.4%

Safran SA (OTCMKTS:SAFRF) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 127,500 shares, a decrease of 20.4% from the September 30th total of 160,100 shares. Based on an average daily volume of 8,300 shares, the days-to-cover ratio is presently 15.4 days.

Safran Price Performance

SAFRF traded down $1.80 during midday trading on Friday, reaching $230.97. The company’s stock had a trading volume of 594 shares, compared to its average volume of 2,526. Safran has a 1 year low of $153.79 and a 1 year high of $246.47. The stock’s 50-day moving average is $224.57 and its 200-day moving average is $222.30.

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.