Saab AB - Unsponsored ADR (OTCMKTS:SAABY) Short Interest Up 80.6% in July

Key Points

• Short interest in Saab AB - Unsponsored ADR increased by 80.6% in July, reaching a total of 28,000 shares as of July 31st.
• The company's shares traded up by 4.0%, reaching a price of $27.85, with a market capitalization of $29.81 billion.
• Analyst ratings varied, with Pareto Securities upgrading Saab to a "hold" rating while Citigroup downgraded it from "strong-buy" to "strong sell."

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 28,000 shares, anincreaseof80.6% from the July 15th total of 15,500 shares. Based on an average daily volume of 230,000 shares, the days-to-cover ratio is presently 0.1 days. Currently,0.0% of the shares of the company are sold short. Currently,0.0% of the shares of the company are sold short. Based on an average daily volume of 230,000 shares, the days-to-cover ratio is presently 0.1 days.

Saab Trading Up 4.0%

Shares of OTCMKTS SAABY traded up $1.07 during midday trading on Monday, hitting $27.85. The stock had a trading volume of 5,591 shares, compared to its average volume of 172,893. The company's 50-day simple moving average is $26.12 and its 200 day simple moving average is $21.89. The firm has a market cap of $29.81 billion, a P/E ratio of 45.66 and a beta of -0.02. Saab has a fifty-two week low of $9.68 and a fifty-two week high of $28.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.30 and a quick ratio of 0.84.

Saab (OTCMKTS:SAABY - Get Free Report) last released its earnings results on Friday, July 18th. The company reported $0.29 EPS for the quarter. The company had revenue of $2.05 billion during the quarter. Saab had a return on equity of 13.82% and a net margin of 7.45%.

Analysts Set New Price Targets

Several analysts have recently weighed in on SAABY shares. Pareto Securities raised Saab to a "hold" rating in a report on Monday, July 21st. Citigroup cut Saab from a "strong-buy" rating to a "strong sell" rating in a report on Tuesday, June 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.

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