Short Interest in Saab AB (OTCMKTS:SAABY) Decreases By 75.7%

Saab AB (OTCMKTS:SAABY) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 15,200 shares, a drop of 75.7% from the February 28th total of 62,600 shares. Based on an average daily volume of 894,900 shares, the short-interest ratio is presently 0.0 days.

Saab Price Performance

Saab stock opened at $19.75 on Thursday. The business’s fifty day moving average is $14.24. Saab has a 52-week low of $9.68 and a 52-week high of $20.65.

Saab Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 14th will be issued a dividend of $0.0493 per share. The ex-dividend date of this dividend is Monday, April 14th.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded Saab from a “hold” rating to a “strong-buy” rating in a research note on Monday.

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.