Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Up 103.3% in July

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 40,416 shares, a growth of 103.3% from the July 15th total of 19,879 shares. Based on an average daily trading volume, of 89,145 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the stock are short sold.

Leonardo Stock Up 0.9%

OTCMKTS FINMY traded up $0.32 during trading hours on Friday, hitting $34.52. The company had a trading volume of 53,656 shares, compared to its average volume of 41,007. Leonardo has a fifty-two week low of $25.59 and a fifty-two week high of $37.51. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.62. The business has a fifty day simple moving average of $30.20 and a 200-day simple moving average of $31.92.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Jefferies Financial Group upgraded Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Zacks Research upgraded shares of Leonardo to a “hold” rating in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a report on Friday. Finally, DZ Bank raised shares of Leonardo to a “strong-buy” rating in a research report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Leonardo has a consensus rating of “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.