Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Short Interest Up 155.1% in July

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

Analyst Ratings Changes

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

Saab Stock Up 1.7%

Shares of OTCMKTS:SAABY opened at $36.33 on Friday. The business’s 50 day moving average is $29.38 and its 200 day moving average is $31.89. Saab has a 12-month low of $23.29 and a 12-month high of $40.77. The stock has a market cap of $38.89 billion, a price-to-earnings ratio of 51.90 and a beta of -0.14. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26.

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

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.