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 large growth in short interest during 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 89,145 shares, the short-interest ratio is presently 0.5 days.

Leonardo Stock Performance

OTCMKTS:FINMY opened at $34.52 on Monday. The firm’s fifty day simple moving average is $30.20 and its 200 day simple moving average is $31.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97. Leonardo has a twelve month low of $25.59 and a twelve month high of $37.51.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FINMY. Zacks Research raised shares of Leonardo to a “hold” rating in a research report on Friday, May 15th. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Barclays reiterated an “overweight” rating on shares of Leonardo in a report on Friday, July 3rd. Royal Bank Of Canada initiated coverage on Leonardo in a research note on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a report on Friday. Two research 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 stock. According to data from MarketBeat, the company currently 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.