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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the target of a large increase in short interest in the month of 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 trading volume of 170,915 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

Analysts Set New Price Targets

Several brokerages have commented on FINMY. Jefferies Financial Group cut shares of Leonardo from a “buy” rating to a “hold” rating in a research note on Monday, April 20th. Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a report on Monday, June 1st. Zacks Research raised shares of Leonardo to a “hold” rating in a report on Friday, May 15th. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Finally, Citigroup raised shares of Leonardo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Leonardo has a consensus rating of “Moderate Buy”.

Leonardo Stock Performance

Shares of FINMY traded down $0.44 during mid-day trading on Friday, hitting $30.85. 32,864 shares of the company’s stock were exchanged, compared to its average volume of 75,232. Leonardo has a fifty-two week low of $25.59 and a fifty-two week high of $37.51. The company has a quick ratio of 0.62, a current ratio of 0.97 and a debt-to-equity ratio of 0.18. The stock’s 50-day moving average is $31.49 and its 200-day moving average is $31.84.

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.