Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY) Stock Short Interest Report for October

Key Points

• Short interest fell sharply in Leonardo’s unsponsored ADR, declining 48.2% to 9,020 shares as of October 15. Short interest represented 0.0% of shares outstanding, with a short-interest ratio of 0.1 days.
• Analyst sentiment remains positive: Leonardo has a consensus “Buy” rating, including two Strong Buy ratings, six Buy ratings, and one Hold rating.
• Shares recently traded down 0.8% to $28.66, below the 200-day moving average of $31.17. The stock has traded between $25.59 and $37.51 over the past 52 weeks.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) saw a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 9,020 shares, a decrease of 48.2% from the September 30th total of 17,429 shares. Based on an average daily volume of 151,158 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company's stock are short sold.

Analysts Set New Price Targets

FINMY has been the subject of several recent analyst reports. BNP Paribas Exane raised shares of Leonardo to an "outperform" rating in a research report on Thursday, September 10th. Barclays reissued an "overweight" rating on shares of Leonardo in a report on Friday, July 3rd. Royal Bank Of Canada assumed coverage on Leonardo in a research note on Tuesday, August 11th. They issued a "moderate buy" rating on the stock. Jefferies Financial Group raised Leonardo from a "hold" rating to a "buy" rating in a report on Thursday, July 9th. Finally, DZ Bank raised Leonardo to a "strong-buy" rating in a research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Leonardo Trading Down 0.8%

Shares of OTCMKTS FINMY traded down $0.23 during mid-day trading on Friday, reaching $28.66. The company had a trading volume of 44,094 shares, compared to its average volume of 93,326. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 0.16. The firm has a 50 day simple moving average of $28.37 and a two-hundred day simple moving average of $31.17. Leonardo has a 52-week low of $25.59 and a 52-week high of $37.51.

About Leonardo

Leonardo S.p.A. is an Italian aerospace, defense and security company formerly known as Finmeccanica. The company adopted the Leonardo name in 2016 and is headquartered in Rome, Italy. It serves government, defense and commercial customers in Italy and international markets.

Leonardo's activities include the design, development and production of helicopters, military and civil aircraft, aircraft structures, defense electronics, radar and communication systems, cybersecurity solutions, and space technologies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.