Short Interest in Leonardo S.p.a. (OTCMKTS:FINMF) Decreases By 47.5%

Leonardo S.p.a. (OTCMKTS:FINMF) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 391,099 shares, a decline of 47.5% from the July 15th total of 744,478 shares. Based on an average daily volume of 14,878 shares, the days-to-cover ratio is presently 26.3 days.

Institutional Investors Weigh In On Leonardo

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) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 Price Performance

Leonardo stock traded up $2.59 during trading on Friday, reaching $70.23. The company had a trading volume of 2,871 shares, compared to its average volume of 4,488. The firm’s 50-day simple moving average is $60.86 and its 200 day simple moving average is $64.80. Leonardo has a 52 week low of $50.50 and a 52 week high of $75.88.

About Leonardo

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.