Short Interest in Saab AB (OTCMKTS:SAABY) Expands By 188.2%

Saab AB (OTCMKTS:SAABY) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 43,800 shares, a growth of 188.2% from the March 15th total of 15,200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 519,600 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, UBS Group upgraded shares of Saab from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 24th.

Saab Stock Performance

Shares of OTCMKTS SAABY traded up $0.46 during mid-day trading on Tuesday, reaching $22.05. 612,379 shares of the company’s stock traded hands, compared to its average volume of 209,764. Saab has a 1-year low of $9.68 and a 1-year high of $22.13. The company has a market capitalization of $23.61 billion, a PE ratio of 61.25 and a beta of -0.03. The business has a 50-day moving average of $17.12.

Saab Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, May 2nd. Stockholders of record on Monday, April 14th will be given a $0.0493 dividend. The ex-dividend date of this dividend is Monday, April 14th. Saab’s dividend payout ratio (DPR) is presently 16.67%.

About Saab

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.