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

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on FINMY shares. DZ Bank upgraded shares of Leonardo to a “strong-buy” rating in a report on Tuesday, July 21st. Jefferies Financial Group raised Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada began coverage on Leonardo in a research note on Tuesday, August 11th. They issued a “moderate buy” rating on the stock. Zacks Research upgraded Leonardo to a “hold” rating in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a report on Friday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Leonardo presently has an average rating of “Buy”.

Leonardo Stock Down 1.8%

OTCMKTS FINMY traded down $0.56 during trading hours on Monday, hitting $29.99. The company’s stock had a trading volume of 5,941 shares, compared to its average volume of 74,686. The company’s 50-day simple moving average is $30.69 and its two-hundred day simple moving average is $31.88. Leonardo has a 52 week low of $25.59 and a 52 week high of $37.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.62.

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.