Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY) Sees Large Decrease in Short Interest

Key Points

• Leonardo S.P.A. experienced a significant decrease in short interest, down 72.3% to 6,500 shares as of July 31st, indicating a potential shift in investor sentiment.
• Kepler Capital Markets upgraded Leonardo from a "hold" to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" among analysts.
• The company recently announced a dividend increase to $0.1604 per share, reflecting a yield of 58.0%, up from its previous dividend of $0.05.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 6,500 shares, adeclineof72.3% from the July 15th total of 23,500 shares. Based on an average trading volume of 406,700 shares, the days-to-cover ratio is presently 0.0 days. Approximately0.0% of the shares of the company are sold short. Approximately0.0% of the shares of the company are sold short. Based on an average trading volume of 406,700 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FINMY. Kepler Capital Markets upgraded Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Jefferies Financial Group reissued a "buy" rating on shares of Leonardo in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Leonardo Stock Performance

FINMY traded down $0.47 on Friday, reaching $27.41. The stock had a trading volume of 58,299 shares, compared to its average volume of 139,870. Leonardo has a fifty-two week low of $10.92 and a fifty-two week high of $31.63. The firm has a 50-day moving average of $27.57 and a 200-day moving average of $25.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.96 and a quick ratio of 0.61.

Leonardo Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 25th were given a $0.1604 dividend. This is a boost from Leonardo's previous dividend of $0.05. The ex-dividend date was Tuesday, June 24th. This represents a dividend yield of 58.0%.

About Leonardo

Leonardo S.p.a., an industrial and technological company, engages in the helicopters, defense electronics and security, aircraft, aerostructures, and space sectors in Italy, the United Kingdom, rest of Europe, the United States, and internationally. The company offers a range of helicopters for battlefield, combat, maritime, training, VIP/executive transport, medical and rescue, security, energy, and utility services, as well as provides support and training services.

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