Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Sees Large Drop in Short Interest

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 14,979 shares, a decline of 51.6% from the August 31st total of 30,951 shares. Based on an average trading volume of 121,031 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

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

Saab Stock Up 0.2%

Shares of OTCMKTS SAABY traded up $0.07 during mid-day trading on Wednesday, reaching $30.87. 14,006 shares of the company’s stock traded hands, compared to its average volume of 146,973. The stock has a market cap of $33.05 billion, a P/E ratio of 44.10 and a beta of -0.12. The business has a 50-day simple moving average of $32.21 and a 200 day simple moving average of $30.81. Saab has a 1-year low of $23.29 and a 1-year high of $40.77. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.23 and a quick ratio of 0.82.

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

About Saab

Saab AB is a Swedish defense and security company that develops, manufactures and maintains advanced systems for governments, armed forces and other public-sector customers. The company’s activities span aeronautics, weapons systems, command and control, sensors, surveillance, naval systems and cybersecurity.

Its product portfolio includes the Gripen fighter aircraft, GlobalEye airborne early warning and control system, radar and electronic warfare solutions, the Carl-Gustaf recoilless rifle, AT4 anti-armor weapon and RBS 70 air-defense system.