Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Sees Large Increase in Short Interest

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 96,857 shares, an increase of 645.1% from the February 26th total of 12,999 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 184,346 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 184,346 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Leonardo Stock Down 2.4%

Shares of Leonardo stock opened at $33.58 on Wednesday. Leonardo has a 1 year low of $20.97 and a 1 year high of $37.51. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.59 and a current ratio of 0.97. The business has a 50 day moving average price of $34.05 and a 200 day moving average price of $31.10.

Analyst Ratings Changes

Several brokerages recently issued reports on FINMY. Jefferies Financial Group reaffirmed a “buy” rating on shares of Leonardo in a report on Friday, January 30th. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded Leonardo from a “buy” rating to a “hold” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company 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.