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

Saab AB (publ) (OTCMKTS:SAABF) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 651,300 shares, a drop of 61.6% from the March 15th total of 1,697,300 shares. Based on an average daily volume of 23,900 shares, the short-interest ratio is currently 27.3 days.

Analysts Set New Price Targets

Separately, Citigroup upgraded Saab AB (publ) from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Saab AB (publ) Trading Up 3.6 %

Shares of SAABF stock opened at $44.55 on Tuesday. The firm’s 50 day moving average is $34.46 and its 200-day moving average is $26.01. Saab AB has a 1 year low of $18.55 and a 1 year high of $44.85.

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

Saab AB (publ) Company Profile

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.