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

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) was the recipient of a large decline in short interest during 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 daily trading volume, of 406,700 shares, the days-to-cover ratio is currently 0.0 days. Currently,0.0% of the company's stock are sold short. Currently,0.0% of the company's stock are sold short. Based on an average daily trading volume, of 406,700 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Several brokerages recently weighed in on FINMY. Jefferies Financial Group restated a "buy" rating on shares of Leonardo in a research note on Friday, May 2nd. Kepler Capital Markets upgraded Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Leonardo Price Performance

OTCMKTS FINMY traded up $0.26 during trading hours on Wednesday, reaching $26.03. The company's stock had a trading volume of 80,575 shares, compared to its average volume of 140,521. Leonardo has a 1-year low of $10.92 and a 1-year high of $31.63. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.61 and a current ratio of 0.96. The company's 50-day moving average is $27.46 and its two-hundred day moving average is $25.38.

Leonardo Increases Dividend

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

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.