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

Saab AB (publ) (OTCMKTS:SAABF) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 1,198,100 shares, an increase of 22.3% from the January 31st total of 979,300 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is presently 704.8 days.

Saab AB (publ) Stock Down 1.2 %

Shares of OTCMKTS:SAABF traded down $0.43 during trading hours on Wednesday, hitting $35.62. 62,532 shares of the company’s stock traded hands, compared to its average volume of 5,107. The business has a fifty day moving average price of $23.10 and a 200-day moving average price of $22.32. Saab AB has a 1 year low of $18.55 and a 1 year high of $36.05.

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.

Wall Street Analyst Weigh In

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

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.