Saab AB - Unsponsored ADR (OTCMKTS:SAABY) Stock Short Interest Jumps 184.4%

Key Points

• Short interest surged 184.4% to 40,362 shares as of October 15, though short positions represented approximately 0.0% of shares outstanding and only 0.4 days of average trading volume.
• Analyst sentiment remains cautious: one firm downgraded Saab to “hold,” while others issued mixed revisions, resulting in a consensus rating of “Hold” from five analysts.
• Saab reported quarterly EPS of $0.13 on $2.13 billion in revenue, while its expanding defense backlog, unmanned-systems testing and new production initiatives support its longer-term growth outlook.

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totaling 40,362 shares, a growth of 184.4% from the September 30th total of 14,190 shares. Based on an average trading volume of 102,545 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company's shares are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SAABY. Pareto Securities downgraded shares of Saab from a "strong-buy" rating to a "hold" rating in a research note on Monday. Kepler Capital Markets raised shares of Saab from a "strong sell" rating to a "hold" rating in a research report on Monday, July 20th. Barclays upgraded Saab from a "strong sell" rating to a "strong-buy" rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada raised Saab to a "hold" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold".

Saab Stock Up 0.2%

OTCMKTS SAABY opened at $33.01 on Thursday. The stock has a market cap of $35.33 billion, a PE ratio of 44.60 and a beta of -0.15. Saab has a fifty-two week low of $23.29 and a fifty-two week high of $40.77. The business has a 50 day moving average price of $31.55 and a two-hundred day moving average price of $32.21. The company has a quick ratio of 0.82, a current ratio of 1.23 and a debt-to-equity ratio of 0.26.

Saab (OTCMKTS:SAABY - Get Free Report) last posted its quarterly earnings data on Friday, October 23rd. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $2.13 billion for the quarter. Saab had a net margin of 8.11% and a return on equity of 16.27%.

More Saab News

Here are the key news stories impacting Saab this week:

• Positive Sentiment: Strong order visibility: Saab’s backlog reportedly increased 80%, providing work extending beyond 2029 and reinforcing expectations for sustained revenue growth, though the larger backlog may also pressure manufacturing capacity. Saab backlog jumps 80%, loading factories with work beyond 2029
• Positive Sentiment: Progress in unmanned and surveillance systems: Saab and General Atomics Aeronautical Systems flight-tested the LoyalEye radar on an MQ-9B drone, demonstrating airborne early-warning capabilities and potentially strengthening Saab’s position in the growing unmanned-defense market. GA-ASI and Saab Perform Advanced AEW Flight Testing on Uncrewed MQ-9B
• Positive Sentiment: New product and capacity initiatives: Saab launched a space command-and-control platform, detailed a Swedish large unmanned underwater-vehicle demonstrator and highlighted a long-range, jam-resistant naval radar. Separately, its $115 million Michigan munitions plant is targeting production in spring, supporting future U.S. defense sales. Saab launches space command and control platform
• Positive Sentiment: Canadian industrial partnerships: Saab announced local partners, including Magellan Aerospace, to support Gripen manufacturing, final assembly and sustainment if Canada selects the fighter. These agreements improve the bid’s local-content proposition but do not represent a contract award. Magellan Aerospace signs memorandum with Saab
• Negative Sentiment: Analyst downgrade: Pareto Securities moved Saab from “strong buy” to “hold,” creating a valuation-related headwind after the stock’s strong performance. Pareto Securities stock recommendations

About Saab

Saab AB is a Sweden-based defense and aerospace company that develops, manufactures and supports products and services for military and civil security customers. Its business includes combat aircraft, weapons systems, sensors, command-and-control solutions, training systems and naval platforms.

The company's Aeronautics business produces the Gripen fighter aircraft and related systems, while its Surveillance operations provide airborne early-warning, radar, electronic-warfare and sensor technologies, including the GlobalEye system.

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