Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Down 53.2% in April

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the target of a large decline in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 128,328 shares, the short-interest ratio is currently 0.1 days.

Leonardo Stock Performance

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays raised Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Citigroup raised Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a research report on Monday, April 27th. Finally, Jefferies Financial Group lowered Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average 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.