Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Down 41.5% in August

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 23,626 shares, a decrease of 41.5% from the July 30th total of 40,416 shares. Based on an average daily volume of 63,609 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Leonardo Stock Down 1.5%

FINMY stock opened at $29.41 on Wednesday. Leonardo has a 1-year low of $25.59 and a 1-year 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 business’s 50-day moving average price is $30.72 and its two-hundred day moving average price is $31.85.

Wall Street Analyst Weigh In

Several brokerages have recently commented on FINMY. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. DZ Bank raised shares of Leonardo to a “strong-buy” rating in a research note on Tuesday, July 21st. Royal Bank Of Canada assumed coverage on shares of Leonardo in a report on Tuesday, August 11th. They set a “moderate buy” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Leonardo in a research report on Friday, August 14th. Finally, Zacks Research raised Leonardo to a “hold” rating in a research note on Friday, May 15th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “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.