Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Short Interest Update

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 36,386 shares, a decrease of 59.0% from the July 30th total of 88,717 shares. Based on an average daily volume of 161,740 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

SAABY has been the topic of several recent analyst reports. Pareto Securities raised Saab from a “hold” rating to a “strong-buy” rating in a research note on Thursday, June 25th. Kepler Capital Markets upgraded shares of Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. Royal Bank Of Canada raised shares of Saab to a “hold” rating in a research note on Tuesday, August 11th. Barclays upgraded shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Citigroup upgraded Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Saab Price Performance

SAABY opened at $33.24 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.23 and a quick ratio of 0.82. The stock has a market capitalization of $35.58 billion, a P/E ratio of 47.49 and a beta of -0.14. The company’s 50 day simple moving average is $30.85 and its 200-day simple moving average is $31.63. Saab has a one year low of $23.29 and a one year high of $40.77.

Saab (OTCMKTS:SAABY) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.21 earnings per share (EPS) for the quarter. The firm had revenue of $2.72 billion for the quarter. Saab had a return on equity of 15.87% and a net margin of 8.05%.

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.