Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Short Interest Up 155.1% in July

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw a large growth in short interest in July. As of July 31st, there was short interest totaling 88,717 shares, a growth of 155.1% from the July 15th total of 34,780 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 208,329 shares, the short-interest ratio is presently 0.4 days.

Saab Stock Performance

Shares of Saab stock opened at $35.71 on Friday. The stock has a market cap of $38.23 billion, a price-to-earnings ratio of 51.01 and a beta of -0.14. The company’s fifty day moving average is $29.21 and its 200 day moving average is $31.86. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26. Saab has a twelve month low of $23.29 and a twelve month high of $40.77.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.21 EPS for the quarter. The company had revenue of $2.72 billion for the quarter. Saab had a return on equity of 15.87% and a net margin of 8.05%.

Analyst Ratings Changes

Several equities analysts recently weighed in on SAABY shares. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Royal Bank Of Canada raised shares of Saab to a “hold” rating in a report on Tuesday. Barclays upgraded Saab from a “strong sell” rating to a “strong-buy” rating in a research report on Monday. Finally, Kepler Capital Markets upgraded Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Saab Company Profile

Saab AB is a Sweden-based aerospace and defense company that develops, manufactures and supplies products, services and solutions for military and civil security markets. Founded in 1937 as an aircraft manufacturer, the company has diversified into areas including combat aircraft, airborne surveillance, radar and sensor systems, missiles and weapons, naval vessels and underwater systems, as well as command-and-control, training and simulation and cybersecurity solutions.

In aeronautics, Saab is best known for its Gripen family of multi-role fighter aircraft and for airborne surveillance solutions that integrate radars and sensors.