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

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 88,717 shares, a growth of 155.1% from the July 15th total of 34,780 shares. Based on an average daily trading volume, of 208,329 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Saab Stock Up 1.7%

OTCMKTS:SAABY opened at $36.33 on Friday. The firm has a market capitalization of $38.89 billion, a PE ratio of 51.90 and a beta of -0.14. The stock has a 50 day moving average of $29.38 and a 200-day moving average of $31.89. Saab has a 52 week low of $23.29 and a 52 week 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.

Saab (OTCMKTS:SAABY) last announced its quarterly earnings results on Friday, July 17th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $2.72 billion for the quarter. Saab had a return on equity of 15.87% and a net margin of 8.05%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SAABY shares. Royal Bank Of Canada upgraded Saab to a “hold” rating in a research report on Tuesday, August 11th. Kepler Capital Markets upgraded Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. Citigroup raised shares of Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Pareto Securities upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Saab has a consensus rating of “Moderate Buy”.

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.