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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 73,842 shares, an increase of 586.6% from the November 30th total of 10,754 shares. Based on an average daily volume of 153,105 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 153,105 shares, the short-interest ratio is presently 0.5 days.

Leonardo Stock Performance

FINMY stock traded down $0.45 on Friday, reaching $28.72. The company’s stock had a trading volume of 396 shares, compared to its average volume of 129,406. Leonardo has a 52 week low of $13.17 and a 52 week high of $33.16. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.97. The firm has a fifty day moving average of $28.43 and a two-hundred day moving average of $28.46.

Wall Street Analysts Forecast Growth

FINMY has been the subject of a number of recent research reports. Barclays raised shares of Leonardo to a “hold” rating in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Leonardo in a report on Monday, October 6th. Finally, The Goldman Sachs Group raised Leonardo to a “hold” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Leonardo has a consensus rating of “Moderate Buy”.

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.