Saab AB (publ) (OTCMKTS:SAABF) Sees Large Decline in Short Interest

Saab AB (publ) (OTCMKTS:SAABF) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 283,800 shares, a decline of 29.5% from the June 30th total of 402,700 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is presently 218.3 days.

Saab AB (publ) Stock Performance

SAABF stock remained flat at $22.00 during trading on Monday. The company’s stock had a trading volume of 124 shares, compared to its average volume of 2,414. Saab AB has a one year low of $12.55 and a one year high of $26.15. The company has a fifty day simple moving average of $23.96 and a two-hundred day simple moving average of $21.06.

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.