Saab AB (publ) (OTCMKTS:SAABF) Short Interest Update

Saab AB (publ) (OTCMKTS:SAABF) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,697,300 shares, an increase of 82.1% from the February 28th total of 931,900 shares. Based on an average daily volume of 53,900 shares, the short-interest ratio is presently 31.5 days.

Saab AB (publ) Stock Performance

Shares of OTCMKTS:SAABF traded down $1.83 during mid-day trading on Friday, hitting $39.12. The company had a trading volume of 5,419 shares, compared to its average volume of 10,203. Saab AB has a one year low of $18.55 and a one year high of $42.40. The firm has a fifty day moving average price of $29.50 and a 200 day moving average price of $24.32.

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

Wall Street Analyst Weigh In

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