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

Key Points

• Short interest in Saab’s ADR fell 59% to 36,386 shares as of August 14, down from 88,717 shares on July 30. Short positions represented 0.0% of shares, with a days-to-cover ratio of just 0.2.
• Analyst sentiment improved, with Barclays and Pareto Securities upgrading Saab to “Strong Buy” and other firms moving their ratings to “Hold.” The stock has a consensus rating of “Moderate Buy.”
• Saab shares opened at $33.67, within a 52-week range of $23.29 to $40.77. In its latest quarter, the company reported $0.21 in earnings per share and $2.72 billion in revenue.

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

Analysts Set New Price Targets

Several research firms have commented on SAABY. Barclays raised shares of Saab from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, August 10th. Kepler Capital Markets raised shares of Saab from a "strong sell" rating to a "hold" rating in a research note on Monday, July 20th. Pareto Securities upgraded shares of Saab from a "hold" rating to a "strong-buy" rating in a research note on Thursday, June 25th. Royal Bank Of Canada upgraded shares of Saab to a "hold" rating in a research note on Tuesday, August 11th. Finally, Citigroup upgraded Saab from a "strong sell" rating to a "hold" rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Saab has a consensus rating of "Moderate Buy".

Saab Price Performance

Shares of Saab stock opened at $33.67 on Friday. Saab has a 52 week low of $23.29 and a 52 week high of $40.77. The company has a current ratio of 1.23, a quick ratio of 0.82 and a debt-to-equity ratio of 0.26. The stock has a market cap of $36.05 billion, a PE ratio of 48.10 and a beta of -0.14. The company's 50-day moving average price is $30.71 and its two-hundred day moving average price is $31.62.

Saab (OTCMKTS:SAABY - Get Free Report) last posted its quarterly earnings data on Friday, July 17th. The company reported $0.21 earnings per share for the quarter. The company had revenue of $2.72 billion during the quarter. Saab had a net margin of 8.05% and a return on equity of 15.87%.

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.

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