Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Short Interest Update

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 36,386 shares, a drop of 59.0% from the July 30th total of 88,717 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 161,740 shares, the days-to-cover ratio is currently 0.2 days.

Saab Stock Performance

Shares of SAABY opened at $33.67 on Friday. Saab has a one year low of $23.29 and a one year high of $40.77. The company has a market capitalization of $36.05 billion, a PE ratio of 48.10 and a beta of -0.14. The company’s fifty day moving average price is $30.71 and its 200 day moving average price is $31.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.23 and a quick ratio of 0.82.

Saab (OTCMKTS:SAABY) last released its earnings results on Friday, July 17th. The company reported $0.21 earnings per share for the quarter. The business 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 Upgrades and Downgrades

A number of research firms have commented on SAABY. Royal Bank Of Canada raised shares of Saab to a “hold” rating in a research note on Tuesday, August 11th. Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Pareto Securities upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Saab presently has a consensus rating of “Moderate Buy”.

About Saab

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.