Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Shares Shorted: Short Interest Up 184.4% in October

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 40,362 shares, a growth of 184.4% from the September 30th total of 14,190 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 102,545 shares, the days-to-cover ratio is currently 0.4 days.

Saab Price Performance

SAABY stock opened at $34.37 on Friday. The firm has a 50 day moving average of $31.52 and a 200-day moving average of $32.19. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26. Saab has a 12 month low of $23.29 and a 12 month high of $40.77. The firm has a market capitalization of $36.79 billion, a P/E ratio of 46.45 and a beta of -0.15.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings data on Friday, October 23rd. The company reported $0.13 earnings per share (EPS) for the quarter. Saab had a return on equity of 16.27% and a net margin of 8.11%. The company had revenue of $2.13 billion for the quarter.

Key Headlines Impacting Saab

Here are the key news stories impacting Saab this week:

• Positive Sentiment: Saab and General Atomics Aeronautical Systems completed advanced flight testing of the LoyalEye airborne early-warning radar on an MQ-9B drone. The system reportedly detected and tracked fighter aircraft at long range, supporting Saab’s prospects in networked surveillance, unmanned systems and international defense programs. GA-ASI, Saab trial MQ-9B-LoyalEye combo in operational scenario
• Positive Sentiment: Saab unveiled the upgraded Sea Giraffe AMB D naval radar, emphasizing improved detection, tracking and resistance to electronic jamming. New radar capabilities could support future shipboard procurement and upgrades. Saab debuts new Sea Giraffe AMB D radar
• Positive Sentiment: The company announced progress on a $115 million munitions plant in Michigan, with production expected to begin in the spring. The facility expands Saab’s U.S. manufacturing footprint and could improve access to American defense contracts. Saab plans spring production start at $115M munitions plant in Northern Michigan
• Positive Sentiment: Saab also presented new maritime, space command-and-control and autonomous underwater vehicle concepts, broadening its portfolio in surveillance and security markets. Its Gripen fighter remains a potential Canadian opportunity, supported by proposed local industrial partners. Saab launches space command and control platform
• Negative Sentiment: Pareto Securities cut Saab to Hold. The recommendation may limit upside after the recent rally and reflects caution toward the stock’s elevated valuation, with the company trading at a high earnings multiple. Saab cut to Hold at Pareto Securities

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SAABY. Royal Bank Of Canada upgraded Saab to a “hold” rating in a research note on Tuesday, August 11th. Kepler Capital Markets upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Pareto Securities lowered shares of Saab from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Barclays upgraded shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Saab Company Profile

Saab AB is a Sweden-based defense and aerospace company that develops, manufactures and supports products and services for military and civil security customers. Its business includes combat aircraft, weapons systems, sensors, command-and-control solutions, training systems and naval platforms.

The company’s Aeronautics business produces the Gripen fighter aircraft and related systems, while its Surveillance operations provide airborne early-warning, radar, electronic-warfare and sensor technologies, including the GlobalEye system.