Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Stock Short Interest Declines 48.2%

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 9,020 shares, a drop of 48.2% from the September 30th total of 17,429 shares. Based on an average daily trading volume, of 151,158 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Leonardo Stock Up 1.3%

OTCMKTS FINMY traded up $0.37 during mid-day trading on Monday, hitting $29.03. The stock had a trading volume of 68,775 shares, compared to its average volume of 77,812. The company has a quick ratio of 0.52, a current ratio of 0.90 and a debt-to-equity ratio of 0.16. Leonardo has a twelve month low of $25.59 and a twelve month high of $37.51. The firm’s 50 day moving average is $28.37 and its 200 day moving average is $31.17.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada assumed coverage on shares of Leonardo in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Leonardo in a research note on Friday, August 14th. BNP Paribas Exane raised shares of Leonardo to an “outperform” rating in a report on Thursday, September 10th. DZ Bank upgraded Leonardo to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Jefferies Financial Group raised shares of Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Leonardo currently has a consensus rating of “Buy”.

Leonardo Company Profile

Leonardo S.p.A. is an Italian aerospace, defense and security company formerly known as Finmeccanica. The company adopted the Leonardo name in 2016 and is headquartered in Rome, Italy. It serves government, defense and commercial customers in Italy and international markets.

Leonardo’s activities include the design, development and production of helicopters, military and civil aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space technologies.