Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Up 103.3% in July

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 40,416 shares, an increase of 103.3% from the July 15th total of 19,879 shares. Based on an average trading volume of 89,145 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Leonardo Price Performance

Shares of Leonardo stock opened at $34.52 on Friday. 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 12 month low of $25.59 and a 12 month high of $37.51. The business’s 50-day moving average price is $30.20 and its 200-day moving average price is $31.92.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Leonardo in a report on Friday. Jefferies Financial Group upgraded shares of Leonardo from a “hold” rating to a “buy” rating in a research report on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating on shares of Leonardo in a research note on Monday, June 1st. DZ Bank raised shares of Leonardo to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Zacks Research upgraded shares of Leonardo to a “hold” rating in a research report on Friday, May 15th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Leonardo presently has an average rating of “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.