Short Interest in Saab AB (publ) (OTCMKTS:SAABF) Declines By 22.2%

Saab AB (publ) (OTCMKTS:SAABF) was the target of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 931,900 shares, a decrease of 22.2% from the February 13th total of 1,198,100 shares. Based on an average daily trading volume, of 9,200 shares, the days-to-cover ratio is currently 101.3 days.

Analysts Set New Price Targets

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

Saab AB (publ) Stock Performance

Saab AB (publ) stock traded up $1.48 during mid-day trading on Tuesday, hitting $42.36. The company’s stock had a trading volume of 24,286 shares, compared to its average volume of 10,074. The business has a 50 day moving average price of $26.11 and a 200-day moving average price of $23.24. Saab AB has a 12 month low of $18.55 and a 12 month high of $42.40.

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

About Saab AB (publ)

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.