Short Interest in Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Rises By 136.4%

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 39,869 shares, an increase of 136.4% from the May 14th total of 16,867 shares. Based on an average daily trading volume, of 170,915 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FINMY. Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 31st. Zacks Research raised shares of Leonardo to a “hold” rating in a research note on Friday, May 15th. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Finally, Jefferies Financial Group downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Leonardo presently has a consensus rating of “Moderate Buy”.

Leonardo Trading Down 1.4%

Shares of FINMY opened at $30.85 on Friday. 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 fifty-two week low of $25.59 and a fifty-two week high of $37.51. The firm’s 50-day simple moving average is $31.49 and its two-hundred day simple moving average is $31.84.

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.