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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 26,167 shares, a decline of 44.5% from the June 15th total of 47,182 shares. Based on an average daily volume of 155,428 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FINMY shares. Zacks Research raised Leonardo to a “hold” rating in a research note on Friday, May 15th. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Citigroup upgraded Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Barclays reissued an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. Finally, Jefferies Financial Group raised shares of Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Leonardo Price Performance

FINMY traded down $0.59 during trading on Thursday, reaching $28.18. The company had a trading volume of 31,697 shares, compared to its average volume of 83,467. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The business has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $32.06. Leonardo has a 52 week low of $25.59 and a 52 week high of $37.51.

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.