Short Interest in Saab AB (publ) (OTCMKTS:SAABF) Increases By 244.9%

Saab AB (publ) (OTCMKTS:SAABF) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 90,700 shares, a growth of 244.9% from the March 31st total of 26,300 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 90.7 days.

Saab AB (publ) Stock Down 1.9 %

Saab AB (publ) stock traded down $1.59 during mid-day trading on Friday, hitting $83.70. The company’s stock had a trading volume of 462 shares, compared to its average volume of 814. Saab AB has a 52-week low of $50.20 and a 52-week high of $91.82. The firm’s 50 day moving average is $84.20 and its 200 day moving average is $66.35.

Saab AB (publ)’s stock is scheduled to split before the market opens on Wednesday, May 8th. The 4-1 split was announced on Wednesday, May 8th. The newly created shares will be payable to shareholders after the market closes on Wednesday, May 8th.

About Saab AB (publ)

Saab AB (publ) provides products, services, and solutions for military defense, aviation, and civil security markets worldwide. The company operates through Aeronautics, Dynamics, Surveillance, Kockums, and Combitech segments. The company develops military aviation technology, as well as conducts studies on manned and unmanned aircraft.