Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Update

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 23,626 shares, a decline of 41.5% from the July 30th total of 40,416 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 63,609 shares, the short-interest ratio is presently 0.4 days.

Leonardo Trading Down 2.2%

Shares of FINMY opened at $29.87 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18. Leonardo has a 52-week low of $25.59 and a 52-week high of $37.51. The business’s fifty day moving average is $30.71 and its 200-day moving average is $31.87.

Wall Street Analyst Weigh In

FINMY has been the subject of a number of analyst reports. DZ Bank upgraded shares of Leonardo to a “strong-buy” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada assumed coverage on Leonardo in a report on Tuesday, August 11th. They issued a “moderate buy” rating for the company. Jefferies Financial Group upgraded Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Barclays reissued an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “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.