Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Sees Significant Increase in Short Interest

Saab AB – Unsponsored ADR (OTCMKTS:SAABYGet Free Report) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 34,780 shares, a growth of 78.1% from the June 30th total of 19,528 shares. Based on an average trading volume of 245,110 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SAABY. 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 Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Finally, Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Check Out Our Latest Analysis on Saab

Saab Stock Up 0.8%

Saab stock traded up $0.26 during trading hours on Friday, reaching $31.39. The stock had a trading volume of 38,371 shares, compared to its average volume of 118,000. The company has a market cap of $33.60 billion, a price-to-earnings ratio of 44.84 and a beta of -0.09. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.28 and a quick ratio of 0.84. The business’s 50 day moving average price is $28.34 and its 200-day moving average price is $32.21. Saab has a 52 week low of $23.29 and a 52 week high of $40.77.

Saab (OTCMKTS:SAABYGet Free Report) last issued its quarterly earnings data on Friday, July 17th. The company reported $0.21 EPS for the quarter. Saab had a return on equity of 16.59% and a net margin of 8.05%.The firm had revenue of $2.72 billion during the quarter.

About Saab

(Get Free Report)

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.

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