Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Sees Large Increase in Short Interest

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 27,100 shares, an increase of 276.4% from the August 31st total of 7,200 shares. Based on an average daily volume of 156,000 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 156,000 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SAABY shares. Pareto Securities raised shares of Saab to a “hold” rating in a research report on Monday, July 21st. Barclays raised shares of Saab to a “strong sell” rating in a report on Monday, September 8th. Finally, Citigroup cut shares of Saab from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold”.

Saab Trading Up 0.5%

Shares of SAABY opened at $30.39 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average is $27.96 and its two-hundred day moving average is $25.13. Saab has a twelve month low of $9.68 and a twelve month high of $31.29. The firm has a market capitalization of $32.54 billion, a P/E ratio of 49.83 and a beta of -0.02.

Saab (OTCMKTS:SAABY) last issued its earnings results on Friday, July 18th. The company reported $0.29 earnings per share for the quarter. Saab had a net margin of 7.45% and a return on equity of 13.82%. The company had revenue of $2.05 billion for the quarter.

About Saab

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.