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

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

Saab Stock Down 1.0%

Shares of Saab stock traded down $0.32 on Friday, hitting $30.89. The company had a trading volume of 88,682 shares, compared to its average volume of 142,194. The stock has a market capitalization of $33.07 billion, a price-to-earnings ratio of 39.60 and a beta of -0.14. Saab has a 1 year low of $22.00 and a 1 year high of $40.77. The stock has a 50 day moving average of $31.16 and a 200-day moving average of $32.08. 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 issued its quarterly earnings data on Thursday, April 23rd. The company reported $0.15 EPS for the quarter. The firm had revenue of $2.10 billion during the quarter. Saab had a return on equity of 15.43% and a net margin of 7.87%.

Analyst Ratings Changes

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

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.