Saab AB (OTCMKTS:SAABY) Sees Large Growth in Short Interest

Saab AB (OTCMKTS:SAABY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 41,000 shares, an increase of 228.0% from the December 15th total of 12,500 shares. Based on an average daily volume of 184,000 shares, the days-to-cover ratio is currently 0.2 days.

Saab Stock Performance

SAABY stock traded up $0.18 during midday trading on Thursday, hitting $10.54. 73,876 shares of the company’s stock were exchanged, compared to its average volume of 103,488. Saab has a 12-month low of $7.71 and a 12-month high of $13.75.

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.