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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw a significant increase in short interest in 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. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 318,139 shares, the days-to-cover ratio is presently 0.1 days.

Saab Stock Down 6.5%

OTCMKTS SAABY traded down $2.00 during trading on Tuesday, hitting $28.89. The company’s stock had a trading volume of 114,752 shares, compared to its average volume of 142,889. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 0.84. The company has a market cap of $30.93 billion, a PE ratio of 37.04 and a beta of -0.15. The business’s 50 day simple moving average is $31.02 and its 200-day simple moving average is $32.13. Saab has a fifty-two week low of $22.00 and a fifty-two week high of $40.77.

Saab (OTCMKTS:SAABY) last released its earnings results 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 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock 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.