Saab AB (OTCMKTS:SAABY) Short Interest Up 109.4% in May

Saab AB (OTCMKTS:SAABY - Get Free Report) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 26,600 shares, an increase of 109.4% from the April 30th total of 12,700 shares. Based on an average daily trading volume, of 307,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Saab Trading Down 1.3%

Shares of OTCMKTS SAABY traded down $0.33 during trading hours on Friday, reaching $25.26. The stock had a trading volume of 431,493 shares, compared to its average volume of 194,879. The stock has a fifty day moving average price of $22.32. The company has a market capitalization of $27.04 billion, a P/E ratio of 63.15 and a beta of -0.05. Saab has a twelve month low of $9.68 and a twelve month high of $25.90.

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

Saab Announces Dividend

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

Analysts Set New Price Targets

Separately, UBS Group upgraded 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.