Leonardo S.p.a. (OTCMKTS:FINMF) Short Interest Update

Leonardo S.p.a. (OTCMKTS:FINMF) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 391,099 shares, a decline of 47.5% from the July 15th total of 744,478 shares. Based on an average daily trading volume, of 14,878 shares, the days-to-cover ratio is currently 26.3 days.

Leonardo Stock Down 1.3%

Shares of OTCMKTS FINMF traded down $0.90 during midday trading on Tuesday, reaching $69.79. 576 shares of the company traded hands, compared to its average volume of 4,454. The stock’s 50-day simple moving average is $61.06 and its 200-day simple moving average is $64.79. Leonardo has a 12 month low of $50.50 and a 12 month high of $75.88.

Institutional Trading of Leonardo

A hedge fund recently bought a new stake in Leonardo stock. Atlas Capital Advisors Inc. acquired a new position in shares of Leonardo S.p.a. (OTCMKTS:FINMF) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,410 shares of the company’s stock, valued at approximately $255,000. 18.02% of the stock is currently owned by institutional investors and hedge funds.

About Leonardo

Leonardo S.p.A., trading in the U.S. over-the-counter market as FINMF, is an Italian multinational specializing in aerospace, defense and security. The company designs, develops and manufactures a broad range of products, including helicopters, fixed-wing aircraft, defense electronics, space systems and cybersecurity solutions. Leonardo serves both civil and military clients, providing integrated platforms and support services for complex missions and operations worldwide.

Within its aerospace segment, Leonardo produces tiltrotor and multirole helicopters under the AgustaWestland brand, as well as advanced trainer and transport aircraft.