Saab AB – Unsponsored ADR (OTCMKTS:SAABY) Short Interest Update

Saab AB – Unsponsored ADR (OTCMKTS:SAABY) was the recipient of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 36,386 shares, a decline of 59.0% from the July 30th total of 88,717 shares. Based on an average daily volume of 161,740 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Saab Price Performance

Shares of OTCMKTS SAABY opened at $33.24 on Friday. The business has a fifty day moving average price of $30.85 and a two-hundred day moving average price of $31.63. The stock has a market capitalization of $35.58 billion, a PE ratio of 47.49 and a beta of -0.14. 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 has a fifty-two week low of $23.29 and a fifty-two week high of $40.77.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SAABY shares. Royal Bank Of Canada raised Saab to a “hold” rating in a report on Tuesday, August 11th. Kepler Capital Markets raised Saab from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Pareto Securities upgraded Saab from a “hold” rating to a “strong-buy” rating in a research report on Thursday, June 25th. Citigroup raised Saab from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Finally, Barclays raised shares of Saab from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two investment 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 currently has an average rating of “Moderate Buy”.

Saab Company Profile

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.