Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Sees Large Increase in Short Interest

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 40,416 shares, a growth of 103.3% from the July 15th total of 19,879 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 89,145 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on FINMY shares. Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Leonardo in a research report on Friday. Jefferies Financial Group upgraded Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Barclays reiterated an “overweight” rating on shares of Leonardo in a research note on Friday, July 3rd. Finally, Royal Bank Of Canada initiated coverage on shares of Leonardo in a report on Tuesday. They issued a “moderate buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Leonardo Stock Up 0.9%

Shares of FINMY opened at $34.52 on Friday. Leonardo has a 1 year low of $25.59 and a 1 year high of $37.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97. The stock’s fifty day moving average price is $30.20 and its two-hundred day moving average price is $31.92.

Leonardo Company Profile

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.