Saab AB (publ) (OTCMKTS:SAABF) Sees Significant Growth in Short Interest

Saab AB (publ) (OTCMKTS:SAABF) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,697,300 shares, a growth of 82.1% from the February 28th total of 931,900 shares. Based on an average daily trading volume, of 53,900 shares, the short-interest ratio is presently 31.5 days.

Analyst Upgrades and Downgrades

Separately, Citigroup raised Saab AB (publ) from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th.

Saab AB (publ) Trading Down 4.5 %

SAABF traded down $1.83 during trading on Friday, reaching $39.12. 5,419 shares of the company’s stock were exchanged, compared to its average volume of 10,203. The firm has a fifty day moving average price of $29.50 and a two-hundred day moving average price of $24.32. Saab AB has a one year low of $18.55 and a one year high of $42.40.

Saab AB (publ) (OTCMKTS:SAABF) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.25 earnings per share for the quarter.

Saab AB (publ) Company Profile

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.