Short Interest in Saab AB (publ) (OTCMKTS:SAABF) Rises By 82.1%

Saab AB (publ) (OTCMKTS:SAABF) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,697,300 shares, an increase of 82.1% from the February 28th total of 931,900 shares. Based on an average trading volume of 53,900 shares, the days-to-cover ratio is currently 31.5 days.

Analyst Upgrades and Downgrades

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

Saab AB (publ) Stock Performance

Shares of OTCMKTS:SAABF traded down $1.83 during trading on Friday, reaching $39.12. 5,419 shares of the company traded hands, compared to its average volume of 10,203. The company’s 50 day moving average is $29.50 and its two-hundred day moving average is $24.30. Saab AB has a 52 week low of $18.55 and a 52 week high of $42.40.

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

About Saab AB (publ)

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.