Saab AB (OTCMKTS:SAABY) Short Interest Update

Saab AB (OTCMKTS:SAABY - Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 184,900 shares, a growth of 595.1% from the May 15th total of 26,600 shares. Approximately 0.0% of the company's stock are short sold. Based on an average daily trading volume, of 332,200 shares, the short-interest ratio is currently 0.6 days.

Saab Trading Up 5.5%

SAABY traded up $1.21 on Thursday, hitting $23.30. 166,285 shares of the company's stock were exchanged, compared to its average volume of 198,618. The firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 58.25 and a beta of -0.03. The company's fifty day simple moving average is $23.16. Saab has a twelve month low of $9.68 and a twelve month high of $26.93.

Saab (OTCMKTS:SAABY - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $0.11 earnings per share for the quarter. The business had revenue of $1.48 billion for the quarter.

Saab Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 2nd. Investors of record on Monday, April 14th were issued a dividend of $0.0493 per share. The ex-dividend date was Monday, April 14th. Saab's dividend payout ratio is currently 15.00%.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of Saab from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 24th.

Saab 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.