Short Interest in Saab AB (OTCMKTS:SAABY) Drops By 75.7%

Saab AB (OTCMKTS:SAABY) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 15,200 shares, a decline of 75.7% from the February 28th total of 62,600 shares. Based on an average trading volume of 894,900 shares, the short-interest ratio is presently 0.0 days.

Saab Stock Performance

Shares of SAABY stock opened at $19.44 on Friday. The business has a fifty day moving average price of $14.63. Saab has a twelve month low of $9.68 and a twelve month high of $20.65. The stock has a market capitalization of $20.61 billion, a PE ratio of 88.36 and a beta of 0.12.

Saab Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 14th will be issued a $0.0493 dividend. The ex-dividend date of this dividend is Monday, April 14th. Saab’s payout ratio is 27.27%.

Wall Street Analyst Weigh In

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

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.