Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Down 44.5% in June

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 26,167 shares, a decrease of 44.5% from the June 15th total of 47,182 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 155,428 shares, the short-interest ratio is presently 0.2 days.

Leonardo Stock Performance

Shares of FINMY traded up $0.80 during trading hours on Friday, hitting $28.98. The stock had a trading volume of 26,477 shares, compared to its average volume of 83,146. Leonardo has a 12-month low of $25.59 and a 12-month high of $37.51. The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18. The company’s fifty day simple moving average is $29.53 and its 200 day simple moving average is $32.05.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Morgan Stanley reiterated an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Jefferies Financial Group upgraded Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Barclays reiterated an “overweight” rating on shares of Leonardo in a research report on Friday, July 3rd. Zacks Research raised Leonardo to a “hold” rating in a research note on Friday, May 15th. Finally, Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Leonardo has a consensus rating of “Moderate Buy”.

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.