Saab AB (publ) (OTCMKTS:SAABF) Short Interest Down 22.2% in February

Saab AB (publ) (OTCMKTS:SAABF) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 931,900 shares, a decrease of 22.2% from the February 13th total of 1,198,100 shares. Based on an average trading volume of 9,200 shares, the short-interest ratio is currently 101.3 days.

Saab AB (publ) Stock Up 3.6 %

Shares of Saab AB (publ) stock traded up $1.48 during trading on Tuesday, hitting $42.36. The company’s stock had a trading volume of 24,286 shares, compared to its average volume of 10,074. Saab AB has a 52 week low of $18.55 and a 52 week high of $42.40. The company has a fifty day simple moving average of $26.11 and a two-hundred day simple moving average of $23.24.

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

Analyst Upgrades and Downgrades

Separately, Citigroup upgraded Saab AB (publ) from a “hold” rating to a “strong-buy” rating in a research report 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.