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

Leonardo S.P.A. – Unsponsored ADR (OTCMKTS:FINMY) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 13,953 shares, a decline of 53.2% from the April 15th total of 29,827 shares. Based on an average daily trading volume, of 128,328 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Leonardo Stock Performance

FINMY traded down $0.80 during trading on Friday, reaching $28.32. 40,523 shares of the stock traded hands, compared to its average volume of 88,949. The stock’s 50-day moving average is $33.53 and its 200 day moving average is $31.68. Leonardo has a 12 month low of $25.59 and a 12 month high of $37.51. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.62 and a current ratio of 0.97.

Analyst Ratings Changes

A number of brokerages recently issued reports on FINMY. Barclays raised shares of Leonardo from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 9th. Jefferies Financial Group lowered shares of Leonardo from a “buy” rating to a “hold” rating in a report on Monday, April 20th. Citigroup upgraded Leonardo from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 31st. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Leonardo in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

About Leonardo

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.