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

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

Wall Street Analysts Forecast Growth

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

Saab AB (publ) Trading Down 4.5 %

Shares of SAABF opened at $39.12 on Monday. The business’s fifty day moving average is $29.50 and its 200 day moving average is $24.33. Saab AB has a 12-month low of $18.55 and a 12-month high of $42.40.

Saab AB (publ) (OTCMKTS:SAABF) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.25 earnings per share (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.