Short Interest in Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Increases By 125.0%

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 31,741 shares, a growth of 125.0% from the April 30th total of 14,104 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 318,139 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Saab has an average rating of “Reduce”.

Saab Stock Performance

OTCMKTS SAABY traded down $0.32 on Friday, hitting $30.89. 88,682 shares of the stock traded hands, compared to its average volume of 142,194. The business’s fifty day moving average is $31.16 and its two-hundred day moving average is $32.08. Saab has a 12 month low of $22.00 and a 12 month high of $40.77. The firm has a market capitalization of $33.07 billion, a price-to-earnings ratio of 39.60 and a beta of -0.14. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.28.

Saab (OTCMKTS:SAABY) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.15 earnings per share for the quarter. Saab had a return on equity of 15.43% and a net margin of 7.87%.The business had revenue of $2.10 billion during the quarter.

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.