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

Key Points

• Leonardo S.P.A. experienced a 464.6% increase in short interest in August, rising from 6,500 shares to 36,700 shares, with a days-to-cover ratio of 0.1 days based on an average daily trading volume of 381,800 shares.
• Kepler Capital Markets upgraded Leonardo from a "hold" to a "strong-buy" rating, contributing to a consensus rating of "Moderate Buy" from five analysts.
• The company recently declared a dividend increase from $0.05 to $0.1604 per share, resulting in a high dividend yield of 58.0% for shareholders.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totaling 36,700 shares, agrowthof464.6% from the July 31st total of 6,500 shares. Based on an average daily trading volume, of 381,800 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 381,800 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Leonardo from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Leonardo Trading Up 2.1%

Shares of Leonardo stock opened at $28.84 on Wednesday. The business has a 50 day simple moving average of $27.55 and a two-hundred day simple moving average of $26.24. Leonardo has a 12 month low of $10.92 and a 12 month high of $31.63. 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 company also recently announced a dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 25th were issued a dividend of $0.1604 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This is an increase from Leonardo's previous dividend of $0.05. This represents a dividend yield of 58.0%.

Leonardo Company Profile

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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