Saab AB (publ) (OTCMKTS:SAABF) Short Interest Down 22.2% in February

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

Analyst Ratings Changes

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

Saab AB (publ) Trading Up 8.8 %

Shares of SAABF traded up $3.22 during trading hours on Monday, hitting $40.00. 2,022 shares of the stock were exchanged, compared to its average volume of 9,466. Saab AB has a fifty-two week low of $18.55 and a fifty-two week high of $41.40. The business has a 50-day moving average of $25.70 and a 200-day moving average of $23.11.

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