Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Short Interest Update

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 31,741 shares, a growth of 125.0% from the April 30th total of 14,104 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 318,139 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Saab currently has a consensus rating of “Reduce”.

Saab Price Performance

Shares of OTCMKTS SAABY traded down $2.00 during midday trading on Monday, hitting $28.89. The stock had a trading volume of 114,752 shares, compared to its average volume of 142,889. The company has a market capitalization of $30.93 billion, a PE ratio of 37.04 and a beta of -0.15. The stock has a 50 day simple moving average of $31.02 and a 200-day simple moving average of $32.13. Saab has a 1 year low of $22.00 and a 1 year high of $40.77. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 0.29.

Saab (OTCMKTS:SAABY) last released its earnings results on Thursday, April 23rd. The company reported $0.15 earnings per share for the quarter. The business had revenue of $2.10 billion for the quarter. Saab had a return on equity of 15.43% and a net margin of 7.87%.

Saab Company Profile

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.