Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Stock Short Interest Drops 82.8%

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 3,049 shares, a drop of 82.8% from the August 31st total of 17,774 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 128,224 shares, the days-to-cover ratio is currently 0.0 days.

Leonardo Trading Down 0.6%

OTCMKTS FINMY traded down $0.16 on Friday, reaching $27.95. The company had a trading volume of 37,908 shares, compared to its average volume of 83,576. The company’s fifty day moving average is $30.79 and its 200-day moving average is $31.26. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.90 and a quick ratio of 0.62. Leonardo has a 1-year low of $25.59 and a 1-year high of $37.51.

Analysts Set New Price Targets

Several analysts have recently commented on FINMY shares. Morgan Stanley restated an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. BNP Paribas Exane upgraded shares of Leonardo to an “outperform” rating in a research report on Thursday, September 10th. Royal Bank Of Canada assumed coverage on shares of Leonardo in a report on Tuesday, August 11th. They set a “moderate buy” rating on the stock. Barclays restated an “overweight” rating on shares of Leonardo in a research report on Friday, July 3rd. Finally, Jefferies Financial Group raised shares of Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company headquartered in Rome. The company develops and manufactures helicopters, military and commercial aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space-related technologies and services.

Leonardo serves government and commercial customers in Italy and international markets, with operations and partnerships across Europe, North America and other regions.