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

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

Saab Stock Performance

Shares of SAABY opened at $19.75 on Thursday. The firm’s 50-day moving average price is $14.24. Saab has a 12-month low of $9.68 and a 12-month high of $20.65.

Saab Dividend Announcement

The company also recently announced 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.

Analysts Set New Price Targets

Separately, UBS Group upgraded 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.