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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 34,780 shares, an increase of 78.1% from the June 30th total of 19,528 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 245,110 shares, the short-interest ratio is presently 0.1 days.

Saab Trading Down 0.3%

Shares of SAABY traded down $0.09 during trading hours on Friday, reaching $31.04. The stock had a trading volume of 4,248 shares, compared to its average volume of 169,929. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.29. Saab has a 52 week low of $23.29 and a 52 week high of $40.77. The firm has a 50-day moving average of $28.27 and a 200 day moving average of $32.22. The company has a market cap of $33.23 billion, a P/E ratio of 44.34 and a beta of -0.09.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings data on Friday, July 17th. The company reported $0.21 EPS for the quarter. Saab had a return on equity of 16.59% and a net margin of 8.05%.The business had revenue of $2.72 billion for the quarter.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAABY. Pareto Securities raised Saab from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. Kepler Capital Markets upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Finally, Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

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.