Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Up 136.4% in May

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 39,869 shares, a growth of 136.4% from the May 14th total of 16,867 shares. Based on an average trading volume of 170,915 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on FINMY shares. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Jefferies Financial Group downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research upgraded shares of Leonardo to a “hold” rating in a research report on Friday, May 15th. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a research report on Monday, June 1st. Finally, Citigroup upgraded shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Leonardo Stock Performance

FINMY opened at $30.85 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97. The company’s fifty day moving average price is $31.49 and its two-hundred day moving average price is $31.88. Leonardo has a 1-year low of $25.59 and a 1-year high of $37.51.

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.