Leonardo S.p.a. (OTCMKTS:FINMF) Sees Large Increase in Short Interest

Leonardo S.p.a. (OTCMKTS:FINMF) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 740,979 shares, an increase 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 presently 70.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Leonardo stock. Atlas Capital Advisors Inc. acquired a new position in shares of Leonardo S.p.a. (OTCMKTS:FINMF) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,410 shares of the company’s stock, valued at approximately $255,000. Institutional investors and hedge funds own 18.02% of the company’s stock.

Leonardo Stock Down 5.4%

FINMF traded down $3.53 during midday trading on Friday, reaching $62.05. 3,142 shares of the company’s stock were exchanged, compared to its average volume of 4,326. The business has a 50-day simple moving average of $62.11 and a two-hundred day simple moving average of $64.76. Leonardo has a one year low of $51.38 and a one year high of $75.88.

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.