Leonardo S.p.a. (OTCMKTS:FINMF) Short Interest Down 47.5% in July

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

Leonardo Price Performance

Shares of Leonardo stock traded up $2.59 during trading hours on Friday, reaching $70.23. The company had a trading volume of 2,871 shares, compared to its average volume of 4,488. Leonardo has a one year low of $50.50 and a one year high of $75.88. The business has a fifty day simple moving average of $60.86 and a 200 day simple moving average of $64.80.

Institutional Trading of Leonardo

An institutional investor 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 fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 hedge funds and other institutional investors.

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.