Saab AB (OTCMKTS:SAABY) Short Interest Up 188.2% in March

Saab AB (OTCMKTS:SAABY) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 43,800 shares, a growth of 188.2% from the March 15th total of 15,200 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 519,600 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, UBS Group raised Saab from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th.

Saab Stock Performance

Shares of Saab stock traded down $0.02 during trading hours on Thursday, hitting $22.64. The company had a trading volume of 422,713 shares, compared to its average volume of 213,672. Saab has a twelve month low of $9.68 and a twelve month high of $22.76. The firm has a market cap of $24.24 billion, a P/E ratio of 62.89 and a beta of -0.03. The company’s 50-day moving average price is $17.62.

Saab Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 14th will be paid a dividend of $0.0493 per share. The ex-dividend date of this dividend is Monday, April 14th. Saab’s dividend payout ratio is currently 16.67%.

Saab 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.