Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Stock Short Interest Drops 51.6%

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 14,979 shares, a drop of 51.6% from the August 31st total of 30,951 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 121,031 shares, the days-to-cover ratio is currently 0.1 days.

Saab Price Performance

Shares of OTCMKTS:SAABY traded down $0.38 during midday trading on Tuesday, reaching $30.58. 34,161 shares of the company’s stock traded hands, compared to its average volume of 147,519. The company has a fifty day simple moving average of $32.19 and a two-hundred day simple moving average of $30.84. Saab has a 1 year low of $23.29 and a 1 year high of $40.77. The company has a market cap of $32.74 billion, a P/E ratio of 43.69 and a beta of -0.12. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.82 and a current ratio of 1.23.

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

Analyst Upgrades and Downgrades

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

Saab Company Profile

Saab AB is a Swedish defense and security company that develops, manufactures and maintains advanced systems for governments, armed forces and other public-sector customers. The company’s activities span aeronautics, weapons systems, command and control, sensors, surveillance, naval systems and cybersecurity.

Its product portfolio includes the Gripen fighter aircraft, GlobalEye airborne early warning and control system, radar and electronic warfare solutions, the Carl-Gustaf recoilless rifle, AT4 anti-armor weapon and RBS 70 air-defense system.