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

Saab AB (OTCMKTS:SAABY) was the target of a large decline in short interest in 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 daily trading volume, of 894,900 shares, the short-interest ratio is presently 0.0 days.

Saab Stock Down 3.5 %

Saab stock traded down $0.70 during midday trading on Friday, hitting $19.44. 357,667 shares of the stock were exchanged, compared to its average volume of 195,986. Saab has a 52-week low of $9.68 and a 52-week high of $20.65. The stock’s 50-day simple moving average is $14.44. The company has a market capitalization of $20.61 billion, a PE ratio of 88.36 and a beta of 0.12.

Saab Dividend Announcement

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

Wall Street Analyst Weigh In

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

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.