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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 23,626 shares, a decrease of 41.5% from the July 30th total of 40,416 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 63,609 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Ratings Changes

FINMY has been the topic of a number of analyst reports. Royal Bank Of Canada started coverage on shares of Leonardo in a research note on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Zacks Research raised Leonardo to a “hold” rating in a report on Friday, May 15th. DZ Bank raised Leonardo to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a research report on Friday, August 14th. 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 stock. Based on data from MarketBeat, Leonardo has an average rating of “Buy”.

Leonardo Stock Down 1.8%

OTCMKTS:FINMY traded down $0.56 on Monday, hitting $29.99. The company had a trading volume of 5,941 shares, compared to its average volume of 74,686. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.62. The firm has a 50 day moving average of $30.69 and a two-hundred day moving average of $31.88. Leonardo has a 52 week low of $25.59 and a 52 week high of $37.51.

About Leonardo

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.