Short Interest in Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Rises By 74.1%

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 29,827 shares, a growth of 74.1% from the March 31st total of 17,136 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 193,865 shares, the short-interest ratio is presently 0.2 days.

Leonardo Trading Down 0.1%

OTCMKTS:FINMY traded down $0.03 during mid-day trading on Tuesday, hitting $30.69. The company had a trading volume of 33,417 shares, compared to its average volume of 90,591. The company has a current ratio of 0.97, a quick ratio of 0.62 and a debt-to-equity ratio of 0.18. Leonardo has a fifty-two week low of $24.77 and a fifty-two week high of $37.51. The business’s fifty day moving average is $34.24 and its two-hundred day moving average is $31.60.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lowered Leonardo from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Citigroup upgraded Leonardo from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Leonardo from a “buy” rating to a “hold” rating in a research report on Tuesday, January 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a research note on Monday. Finally, Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Leonardo presently has a consensus rating of “Moderate Buy”.

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.