Short Interest in Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Grows By 586.6%

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 73,842 shares, an increase of 586.6% from the November 30th total of 10,754 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 153,105 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 153,105 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FINMY. Barclays raised shares of Leonardo to a “hold” rating in a research note on Monday, September 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Leonardo in a report on Monday, October 6th. Finally, The Goldman Sachs Group raised shares of Leonardo to a “hold” rating in a report on Friday, September 19th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Leonardo presently has a consensus rating of “Moderate Buy”.

Leonardo Stock Performance

FINMY traded down $0.02 during mid-day trading on Wednesday, hitting $29.17. The stock had a trading volume of 12,175 shares, compared to its average volume of 78,072. The stock’s fifty day simple moving average is $28.43 and its 200-day simple moving average is $28.45. Leonardo has a 1-year low of $13.17 and a 1-year high of $33.16. The company has a current ratio of 0.97, a quick ratio of 0.59 and a debt-to-equity ratio of 0.19.

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.