Leonardo S.p.a. (OTCMKTS:FINMF) Sees Significant Growth in Short Interest

Leonardo S.p.a. (OTCMKTS:FINMF) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 740,979 shares, an increase of 89.5% from the July 30th total of 391,099 shares. Based on an average trading volume of 10,519 shares, the days-to-cover ratio is currently 70.4 days.

Institutional Investors Weigh In On Leonardo

An institutional investor recently bought a new position in Leonardo stock. Atlas Capital Advisors Inc. purchased a new position in shares of Leonardo S.p.a. (OTCMKTS:FINMF) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,410 shares of the company’s stock, valued at approximately $255,000. Institutional investors own 18.02% of the company’s stock.

Leonardo Stock Performance

Shares of Leonardo stock traded down $0.82 on Monday, hitting $61.23. 1,330 shares of the company’s stock traded hands, compared to its average volume of 4,306. Leonardo has a one year low of $51.38 and a one year high of $75.88. The firm’s 50-day moving average price is $62.11 and its two-hundred day moving average price is $64.75.

Leonardo Company Profile

Leonardo S.p.A., trading in the U.S. over-the-counter market as FINMF, is an Italian multinational specializing in aerospace, defense and security. The company designs, develops and manufactures a broad range of products, including helicopters, fixed-wing aircraft, defense electronics, space systems and cybersecurity solutions. Leonardo serves both civil and military clients, providing integrated platforms and support services for complex missions and operations worldwide.

Within its aerospace segment, Leonardo produces tiltrotor and multirole helicopters under the AgustaWestland brand, as well as advanced trainer and transport aircraft.