Leonardo S.p.a. (OTCMKTS:FINMF) Short Interest Up 89.5% in August

Leonardo S.p.a. (OTCMKTS:FINMF) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 740,979 shares, a growth of 89.5% from the July 30th total of 391,099 shares. Based on an average daily volume of 10,519 shares, the short-interest ratio is currently 70.4 days.

Leonardo Price Performance

OTCMKTS FINMF opened at $61.12 on Tuesday. Leonardo has a 52 week low of $51.38 and a 52 week high of $75.88. The stock has a fifty day moving average of $62.17 and a 200-day moving average of $64.72.

Institutional Trading of Leonardo

An institutional investor recently bought a new stake in Leonardo stock. Atlas Capital Advisors Inc. purchased a new stake in Leonardo S.p.a. (OTCMKTS:FINMF) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,410 shares of the company’s stock, valued at approximately $255,000. 18.02% of the stock is owned by institutional investors and hedge funds.

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.