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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 13,953 shares, a decline of 53.2% from the April 15th total of 29,827 shares. Based on an average trading volume of 128,328 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Leonardo Stock Performance

Shares of FINMY stock traded down $0.54 on Friday, hitting $28.58. The company had a trading volume of 169,397 shares, compared to its average volume of 73,701. The stock’s 50-day moving average is $33.40 and its two-hundred day moving average is $31.66. 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 twelve month low of $25.59 and a twelve month high of $37.51.

Analysts Set New Price Targets

A number of analysts have weighed in on FINMY shares. Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Jefferies Financial Group cut shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Leonardo Company Profile

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.