Saab AB (OTCMKTS:SAABY) Short Interest Update

Saab AB (OTCMKTS:SAABY) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 43,800 shares, a growth of 188.2% from the March 15th total of 15,200 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 519,600 shares, the days-to-cover ratio is currently 0.1 days.

Saab Trading Up 2.1 %

Shares of Saab stock traded up $0.46 on Tuesday, reaching $22.05. The company had a trading volume of 612,379 shares, compared to its average volume of 209,764. Saab has a 1 year low of $9.68 and a 1 year high of $22.13. The firm’s 50-day simple moving average is $17.12. The firm has a market capitalization of $23.61 billion, a price-to-earnings ratio of 61.25 and a beta of -0.03.

Saab Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, May 2nd. Shareholders of record on Monday, April 14th will be given a dividend of $0.0493 per share. The ex-dividend date is Monday, April 14th. Saab’s dividend payout ratio is currently 16.67%.

Wall Street Analysts Forecast Growth

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.