Saab AB (publ) (OTCMKTS:SAABF) Sees Large Growth in Short Interest

Saab AB (publ) (OTCMKTS:SAABF) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 90,700 shares, an increase of 244.9% from the March 31st total of 26,300 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is currently 90.7 days.

Saab AB (publ) Trading Down 1.9 %

OTCMKTS:SAABF traded down $1.59 during trading hours on Friday, reaching $83.70. 462 shares of the stock were exchanged, compared to its average volume of 814. The firm has a 50 day simple moving average of $84.20 and a 200-day simple moving average of $66.35. Saab AB has a 52 week low of $50.20 and a 52 week high of $91.82.

Saab AB (publ)’s stock is going to split on Wednesday, May 8th. The 4-1 split was announced on Wednesday, May 8th. The newly issued shares will be distributed to shareholders after the closing bell on Wednesday, May 8th.

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.