Saab AB (publ) (OTCMKTS:SAABF) Sees Large Drop in Short Interest

Saab AB (publ) (OTCMKTS:SAABF) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 651,300 shares, a decrease of 61.6% from the March 15th total of 1,697,300 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 27.3 days.

Saab AB (publ) Trading Up 3.6 %

Shares of Saab AB (publ) stock opened at $44.55 on Tuesday. Saab AB has a twelve month low of $18.55 and a twelve month high of $44.85. The firm’s 50-day simple moving average is $34.46 and its 200-day simple moving average is $26.01.

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

Wall Street Analysts Forecast Growth

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

About Saab AB (publ)

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.