Saab AB (OTCMKTS:SAABY) Short Interest Update

Saab AB (OTCMKTS:SAABY - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 43,800 shares, an increase of 188.2% from the March 15th total of 15,200 shares. Based on an average trading volume of 519,600 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Saab Stock Up 1.3 %

Saab stock traded up $0.29 during midday trading on Friday, hitting $22.93. The stock had a trading volume of 168,588 shares, compared to its average volume of 212,972. Saab has a 52-week low of $9.68 and a 52-week high of $24.36. The stock has a market capitalization of $24.54 billion, a P/E ratio of 63.68 and a beta of -0.03. The stock has a fifty day moving average of $18.14.

Saab Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 14th will be paid a dividend of $0.0493 per share. The ex-dividend date of this dividend is Monday, April 14th. Saab's dividend payout ratio (DPR) is 16.67%.

Wall Street Analysts Forecast Growth

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

About Saab

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.