Safety Insurance(SAFT) Drops 1.14% on Third Day of Decline

Safety Insurance(SAFT) shares fell 1.14% today, marking the third consecutive day of decline, with a total drop of 4.70% over the past three days. The stock price hit its lowest level since April 2025, experiencing an intraday decline of 1.57%.

One of the key factors influencing the recent performance of Safety Insurance Group (SAFT) is the change in its short interest ratio. As of June 15th, the short interest for SAFT decreased to 117,300 shares, down 4.4% from the previous 122,700 shares. This reduction in short interest can indicate a shift in investor sentiment, potentially leading to a more positive outlook on the stock's future performance.

Additionally, on June 25, 2025, Argus raised the target price for SAFT to $83.00, which was higher than the current price of $73.84 at the time. Such updates in price targets can influence investor expectations and potentially impact the stock price as investors adjust their positions based on the new target.