Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Stock Short Interest Rises 184.4%

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 40,362 shares, an increase of 184.4% from the September 30th total of 14,190 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 102,545 shares, the days-to-cover ratio is currently 0.4 days.

Saab Trading Down 0.8%

Shares of SAABY opened at $34.08 on Friday. Saab has a twelve month low of $23.29 and a twelve month high of $40.77. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $36.48 billion, a P/E ratio of 46.45 and a beta of -0.15. The firm’s 50-day moving average is $31.51 and its two-hundred day moving average is $32.17.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings results on Friday, October 23rd. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $2.13 billion during the quarter. Saab had a net margin of 8.11% and a return on equity of 16.27%.

Saab News Summary

Here are the key news stories impacting Saab this week:

• Positive Sentiment: Saab and General Atomics Aeronautical Systems tested Saab’s LoyalEye airborne early-warning payload on the MQ-9B drone in an operational scenario. The trial demonstrates potential for Saab’s radar and sensor technology in unmanned surveillance, airborne early warning and defense modernization programs. GA-ASI and Saab test airborne early warning system aboard MQ-9B
• Positive Sentiment: Saab unveiled its new Sea Giraffe AMB D radar and promoted an Ocean Barrier concept using layered maritime sensors. These products could benefit from rising demand for coastal security, naval surveillance and integrated air-defense systems. Saab debuts new Sea Giraffe AMB D radar
• Positive Sentiment: The company completed undisclosed sea trials of an autonomous underwater vehicle and detailed a long-endurance unmanned underwater demonstrator for Sweden. The developments expand Saab’s position in autonomous naval systems, although near-term revenue impact was not specified. Saab completes secret sea trials for its new autonomous underwater vehicle
• Positive Sentiment: Saab launched a space command-and-control platform, adding to its portfolio of defense systems amid strong European military spending and reported profit momentum among major European defense companies. Saab launches space command and control platform
• Neutral Sentiment: The MQ-9B and underwater-system announcements are important capability milestones, but the reports did not identify firm orders, contract values or delivery schedules, limiting their immediate earnings impact.
• Negative Sentiment: Pareto Securities downgraded SAABY to “Hold.” The call may pressure the stock because Saab trades at a premium earnings multiple, increasing sensitivity to valuation concerns even as defense demand remains strong. Saab cut to Hold at Pareto Securities

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAABY. Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. Kepler Capital Markets raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Pareto Securities downgraded shares of Saab from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Royal Bank Of Canada upgraded Saab to a “hold” rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Saab Company Profile

Saab AB is a Sweden-based defense and aerospace company that develops, manufactures and supports products and services for military and civil security customers. Its business includes combat aircraft, weapons systems, sensors, command-and-control solutions, training systems and naval platforms.

The company’s Aeronautics business produces the Gripen fighter aircraft and related systems, while its Surveillance operations provide airborne early-warning, radar, electronic-warfare and sensor technologies, including the GlobalEye system.