Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Stock Short Interest Jumps 184.4%

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 40,362 shares, a growth of 184.4% from the September 30th total of 14,190 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 102,545 shares, the short-interest ratio is currently 0.4 days.

Analyst Ratings Changes

SAABY has been the topic of several recent analyst reports. Barclays upgraded Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. Kepler Capital Markets raised Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Pareto Securities lowered Saab from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Royal Bank Of Canada upgraded Saab to a “hold” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Saab presently has an average rating of “Hold”.

Key Stories Impacting Saab

Here are the key news stories impacting Saab this week:

• Positive Sentiment: Strong order visibility: Saab’s backlog reportedly increased 80%, providing work extending beyond 2029 and reinforcing expectations for sustained revenue growth, though the larger backlog may also pressure manufacturing capacity. Saab backlog jumps 80%, loading factories with work beyond 2029
• Positive Sentiment: Progress in unmanned and surveillance systems: Saab and General Atomics Aeronautical Systems flight-tested the LoyalEye radar on an MQ-9B drone, demonstrating airborne early-warning capabilities and potentially strengthening Saab’s position in the growing unmanned-defense market. GA-ASI and Saab Perform Advanced AEW Flight Testing on Uncrewed MQ-9B
• Positive Sentiment: New product and capacity initiatives: Saab launched a space command-and-control platform, detailed a Swedish large unmanned underwater-vehicle demonstrator and highlighted a long-range, jam-resistant naval radar. Separately, its $115 million Michigan munitions plant is targeting production in spring, supporting future U.S. defense sales. Saab launches space command and control platform
• Positive Sentiment: Canadian industrial partnerships: Saab announced local partners, including Magellan Aerospace, to support Gripen manufacturing, final assembly and sustainment if Canada selects the fighter. These agreements improve the bid’s local-content proposition but do not represent a contract award. Magellan Aerospace signs memorandum with Saab
• Negative Sentiment: Analyst downgrade: Pareto Securities moved Saab from “strong buy” to “hold,” creating a valuation-related headwind after the stock’s strong performance. Pareto Securities stock recommendations

Saab Price Performance

SAABY opened at $33.01 on Thursday. The company has a market capitalization of $35.33 billion, a P/E ratio of 44.60 and a beta of -0.15. The company has a 50-day moving average of $31.55 and a 200-day moving average of $32.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.82 and a current ratio of 1.23. Saab has a 1-year low of $23.29 and a 1-year high of $40.77.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings results on Friday, October 23rd. The company reported $0.13 EPS for the quarter. The business had revenue of $2.13 billion during the quarter. Saab had a return on equity of 16.27% and a net margin of 8.11%.

About Saab

Saab AB is a Sweden-based defense and aerospace company that develops, manufactures and supports products and services for military and civil security customers. Its business includes combat aircraft, weapons systems, sensors, command-and-control solutions, training systems and naval platforms.

The company’s Aeronautics business produces the Gripen fighter aircraft and related systems, while its Surveillance operations provide airborne early-warning, radar, electronic-warfare and sensor technologies, including the GlobalEye system.