Saab AB (publ) (OTCMKTS:SAABF) Sees Significant Growth in Short Interest

Saab AB (publ) (OTCMKTS:SAABF) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 1,198,100 shares, a growth of 22.3% from the January 31st total of 979,300 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 704.8 days.

Saab AB (publ) Stock Down 1.3 %

SAABF stock opened at $37.25 on Friday. Saab AB has a one year low of $18.55 and a one year high of $37.99. The firm has a 50-day moving average of $23.74 and a two-hundred day moving average of $22.53.

Saab AB (publ) (OTCMKTS:SAABF) last issued its quarterly earnings results on Friday, February 7th. The company reported $0.25 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Citigroup upgraded Saab AB (publ) from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th.

Saab AB (publ) 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.