Short Interest in Saab AB (publ) (OTCMKTS:SAABF) Decreases By 22.2%

Saab AB (publ) (OTCMKTS:SAABF) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 931,900 shares, a drop of 22.2% from the February 13th total of 1,198,100 shares. Based on an average trading volume of 9,200 shares, the days-to-cover ratio is presently 101.3 days.

Wall Street Analysts Forecast Growth

Separately, Citigroup raised 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 up $1.48 during trading on Wednesday, reaching $42.36. 24,286 shares of the company were exchanged, compared to its average volume of 10,074. The business’s fifty day simple moving average is $26.55 and its 200-day simple moving average is $23.37. Saab AB has a 12-month low of $18.55 and a 12-month high of $42.40.

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

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.