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

Key Points

• Saab AB has experienced a significant increase in short interest, rising by 74.2% in July, with total short interest reaching 15,500 shares as of July 15th.
• The company's recent earnings report revealed an EPS of $0.29 and quarterly revenues of $2.05 billion, contributing to a net margin of 7.45%.
• Analyst ratings for Saab have varied, with Citigroup downgrading its rating from a "strong-buy" to a "strong sell", while Pareto Securities upgraded it to a "hold".

Saab AB - Unsponsored ADR (OTCMKTS:SAABY - Get Free Report) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 15,500 shares, agrowthof74.2% from the June 30th total of 8,900 shares. Based on an average trading volume of 187,300 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 187,300 shares, the short-interest ratio is presently 0.1 days.

Saab Price Performance

Shares of Saab stock traded down $1.05 on Friday, hitting $26.14. The company's stock had a trading volume of 492,408 shares, compared to its average volume of 99,872. Saab has a 1 year low of $9.68 and a 1 year high of $28.99. The firm has a fifty day moving average price of $26.08 and a 200-day moving average price of $21.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.84 and a current ratio of 1.30. The company has a market capitalization of $27.98 billion, a price-to-earnings ratio of 42.85 and a beta of -0.02.

Saab (OTCMKTS:SAABY - Get Free Report) last posted its quarterly earnings data 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%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Pareto Securities raised Saab to a "hold" rating in a research note on Monday, July 21st. Citigroup lowered Saab from a "strong-buy" rating to a "strong sell" rating in a research note 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.