Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Short Interest Up 78.1% in July

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 34,780 shares, an increase of 78.1% from the June 30th total of 19,528 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 245,110 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAABY. Kepler Capital Markets upgraded Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Pareto Securities raised shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Citigroup upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Saab Stock Performance

OTCMKTS:SAABY traded up $0.35 during mid-day trading on Thursday, hitting $31.13. 109,360 shares of the company’s stock traded hands, compared to its average volume of 170,941. The firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of 44.47 and a beta of -0.09. The firm has a 50 day moving average of $28.22 and a two-hundred day moving average of $32.26. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. Saab has a 12 month low of $23.29 and a 12 month high of $40.77.

Saab (OTCMKTS:SAABY) last issued its quarterly earnings results on Friday, July 17th. The company reported $0.21 EPS for the quarter. Saab had a return on equity of 16.59% and a net margin of 8.05%.The company had revenue of $2.72 billion for 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.