Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) Short Interest Update

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 17,136 shares, a decline of 82.3% from the March 15th total of 96,857 shares. Based on an average daily volume of 191,467 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Leonardo Trading Down 5.5%

FINMY stock opened at $32.92 on Friday. Leonardo has a fifty-two week low of $23.93 and a fifty-two week high of $37.51. The business’s 50 day moving average price is $34.06 and its two-hundred day moving average price is $31.53.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FINMY. Deutsche Bank Aktiengesellschaft downgraded Leonardo from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Jefferies Financial Group reiterated a “buy” rating on shares of Leonardo in a report on Friday, January 30th. Barclays upgraded Leonardo from an “equal weight” rating to an “overweight” rating in a report on Monday, March 9th. Finally, Citigroup upgraded 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 given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus 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.