Short Interest in Saab AB (OTCMKTS:SAABY) Expands By 188.2%

Saab AB (OTCMKTS:SAABY - Get Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 43,800 shares, an increase of 188.2% from the March 15th total of 15,200 shares. Approximately 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 Stock Up 1.3 %

Shares of SAABY stock traded up $0.29 on Friday, reaching $22.93. 168,588 shares of the company's stock were exchanged, compared to its average volume of 212,972. The business has a fifty day moving average of $18.14. Saab has a 52 week low of $9.68 and a 52 week high of $24.36. The company has a market cap of $24.54 billion, a PE ratio of 63.68 and a beta of -0.03.

Saab Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, May 2nd. Investors of record on Monday, April 14th will be paid a $0.0493 dividend. The ex-dividend date of this dividend is Monday, April 14th. Saab's dividend payout ratio is presently 16.67%.

Analyst Upgrades and Downgrades

Separately, UBS Group upgraded shares of 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.