Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Sees Significant Drop in Short Interest

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 26,167 shares, a drop of 44.5% from the June 15th total of 47,182 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 155,428 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research note on Thursday, July 9th. Zacks Research raised shares of Leonardo to a “hold” rating in a research report on Friday, May 15th. Citigroup upgraded shares of Leonardo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Barclays reaffirmed an “overweight” rating on shares of Leonardo in a research report on Friday, July 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Leonardo Stock Performance

FINMY opened at $28.91 on Friday. The company’s 50-day simple moving average is $29.49 and its two-hundred day simple moving average is $32.03. 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 52-week low of $25.59 and a 52-week high of $37.51.

Leonardo Company Profile

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.