Short Interest in Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY) Decreases By 98.0%

Key Points

• Short interest in Leonardo S.P.A. has decreased significantly by 98.0% in September, dropping to just 7,000 shares from 352,300 in August.
• The stock has seen a current trading price of $31.79 with a debt-to-equity ratio of 0.23, indicating solid financial health.
• Analyst ratings for Leonardo have mostly remained positive, with several brokerages upgrading their ratings to "hold" or "strong-buy," leading to a consensus rating of "Moderate Buy."

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 7,000 shares, a drop of 98.0% from the August 31st total of 352,300 shares. Based on an average daily volume of 400,400 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 400,400 shares, the days-to-cover ratio is currently 0.0 days.

Leonardo Stock Performance

FINMY stock traded up $0.08 during mid-day trading on Tuesday, hitting $31.79. 133,301 shares of the company were exchanged, compared to its average volume of 143,008. 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 firm's 50 day simple moving average is $28.29 and its 200 day simple moving average is $27.30. Leonardo has a 1-year low of $10.94 and a 1-year high of $31.89.

Analyst Ratings Changes

Several brokerages have recently issued reports on FINMY. The Goldman Sachs Group raised shares of Leonardo to a "hold" rating in a research note on Friday, September 19th. Kepler Capital Markets raised shares of Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. Finally, Barclays raised shares of Leonardo to a "hold" rating in a research note on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Leonardo has a consensus rating of "Moderate Buy".

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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