Leonardo S.p.a. (OTCMKTS:FINMF) Short Interest Up 89.5% in August

Leonardo S.p.a. (OTCMKTS:FINMF) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 740,979 shares, a growth of 89.5% from the July 30th total of 391,099 shares. Based on an average daily volume of 10,519 shares, the days-to-cover ratio is currently 70.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Leonardo stock. Atlas Capital Advisors Inc. acquired a new stake in shares of Leonardo S.p.a. (OTCMKTS:FINMF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,410 shares of the company’s stock, valued at approximately $255,000. 18.02% of the stock is owned by institutional investors.

Leonardo Trading Down 5.4%

OTCMKTS:FINMF traded down $3.53 during mid-day trading on Friday, hitting $62.05. The stock had a trading volume of 3,142 shares, compared to its average volume of 4,326. Leonardo has a twelve month low of $51.38 and a twelve month high of $75.88. The company’s 50 day simple moving average is $62.11 and its 200 day simple moving average is $64.76.

Leonardo Company Profile

Leonardo S.p.A., trading in the U.S. over-the-counter market as FINMF, is an Italian multinational specializing in aerospace, defense and security. The company designs, develops and manufactures a broad range of products, including helicopters, fixed-wing aircraft, defense electronics, space systems and cybersecurity solutions. Leonardo serves both civil and military clients, providing integrated platforms and support services for complex missions and operations worldwide.

Within its aerospace segment, Leonardo produces tiltrotor and multirole helicopters under the AgustaWestland brand, as well as advanced trainer and transport aircraft.