Saab AB (OTCMKTS:SAABY) Short Interest Update

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

Saab Stock Performance

Shares of OTCMKTS SAABY opened at $19.44 on Friday. The stock has a market cap of $20.61 billion, a price-to-earnings ratio of 88.36 and a beta of 0.12. Saab has a one year low of $9.68 and a one year high of $20.65. The business has a fifty day moving average of $14.63.

Saab Announces Dividend

The company also recently declared 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 payout ratio is presently 27.27%.

Analyst Ratings Changes

Separately, UBS Group upgraded Saab from a “hold” rating to a “strong-buy” rating in a research 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.