Leonardo S.p.a. (OTCMKTS:FINMF) Short Interest Down 47.5% in July

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 presently 26.3 days.

Institutional Inflows and Outflows

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

Leonardo Trading Up 1.0%

Leonardo stock traded up $0.71 during mid-day trading on Monday, hitting $70.94. The company’s stock had a trading volume of 1,978 shares, compared to its average volume of 4,467. The stock’s fifty day moving average is $60.86 and its two-hundred day moving average is $64.78. Leonardo has a 1 year low of $50.50 and a 1 year high of $75.88.

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.