Short Interest in Saab AB (publ) (OTCMKTS:SAABF) Decreases By 22.2%

Saab AB (publ) (OTCMKTS:SAABF) was the recipient of a large decrease in short interest in 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 daily volume of 9,200 shares, the short-interest ratio is currently 101.3 days.

Saab AB (publ) Stock Up 3.6 %

Shares of SAABF traded up $1.48 during midday trading on Wednesday, hitting $42.36. 24,286 shares of the company traded hands, compared to its average volume of 10,074. The firm has a 50 day moving average of $26.55 and a 200-day moving average of $23.37. Saab AB has a 52 week low of $18.55 and a 52 week high of $42.40.

Saab AB (publ) (OTCMKTS:SAABF) last released its quarterly earnings data on Friday, February 7th. The company reported $0.25 EPS for the quarter.

Wall Street Analyst Weigh In

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

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.