Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Update

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 13,953 shares, a drop of 53.2% from the April 15th total of 29,827 shares. Based on an average daily trading volume, of 128,328 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Leonardo Price Performance

FINMY traded down $0.80 on Friday, hitting $28.32. The company’s stock had a trading volume of 40,523 shares, compared to its average volume of 88,949. The company’s 50 day simple moving average is $33.53 and its 200-day simple moving average is $31.68. Leonardo has a 12 month low of $25.59 and a 12 month high of $37.51. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18.

Analyst Upgrades and Downgrades

Several equities analysts have commented on FINMY shares. Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Jefferies Financial Group cut shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Monday, April 20th. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research report on Monday, March 9th. Finally, Morgan Stanley restated an “overweight” rating on shares of Leonardo in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate 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.