Short Interest in Safran SA (OTCMKTS:SAFRY) Rises By 30.2%

Safran SA (OTCMKTS:SAFRY) was the recipient of a large growth in short interest in 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 Upgrades and Downgrades

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

Safran Stock Up 0.3 %

Shares of Safran stock traded up $0.17 during trading hours on Friday, reaching $53.25. 106,227 shares of the company were exchanged, compared to its average volume of 310,605. Safran has a 1 year low of $36.42 and a 1 year high of $59.30. The stock’s fifty day moving average is $55.97 and its 200 day moving average is $51.98.

Safran Increases Dividend

The company also recently announced 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. This is a positive change from Safran’s previous dividend of $0.26. The ex-dividend date of this dividend was Wednesday, May 29th.

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.