Safran SA (OTCMKTS:SAFRF) Short Interest Down 20.0% in July

Safran SA (OTCMKTS:SAFRF) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totalling 270,100 shares, a decrease of 20.0% from the June 30th total of 337,800 shares. Based on an average daily volume of 7,600 shares, the days-to-cover ratio is presently 35.5 days.

Safran Stock Performance

SAFRF stock traded down $1.55 during mid-day trading on Monday, hitting $219.35. 800 shares of the company were exchanged, compared to its average volume of 2,769. The firm’s 50 day simple moving average is $222.75 and its 200 day simple moving average is $214.77. Safran has a 1-year low of $150.56 and a 1-year high of $241.29.

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.