Short Interest in Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY) Drops By 82.3%

Key Points

• Short interest plunged 82.3% to 17,136 shares as of March 31 (from 96,857 on March 15), leaving a days-to-cover ratio of 0.1 and effectively 0.0% of shares sold short.
• Analyst sentiment is positive with a MarketBeat consensus of "Buy", based on two Strong Buy, two Buy and two Hold ratings; recent moves include upgrades from Barclays and Citigroup and an earlier downgrade from Deutsche Bank.
• FINMY opened at $32.92 and was down 5.5%, trading around its 50‑day SMA of $34.06 and above its 200‑day SMA of $31.51, inside a 52‑week range of $23.93 to $37.51.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 17,136 shares, a decline of 82.3% from the March 15th total of 96,857 shares. Based on an average trading volume of 191,467 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FINMY. Barclays raised shares of Leonardo from an "equal weight" rating to an "overweight" rating in a report on Monday, March 9th. Citigroup raised shares of Leonardo from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 31st. Jefferies Financial Group reaffirmed a "buy" rating on shares of Leonardo in a report on Friday, January 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Leonardo from a "buy" rating to a "hold" rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Leonardo currently has a consensus rating of "Buy".

Leonardo Stock Down 5.5%

FINMY stock opened at $32.92 on Friday. The company has a 50-day simple moving average of $34.06 and a 200 day simple moving average of $31.51. Leonardo has a fifty-two week low of $23.93 and a fifty-two week high of $37.51.

Leonardo Company Profile

Leonardo S.p.A. is an Italy-based global aerospace, defence and security company that designs, manufactures and supports a broad range of products and systems for military, government and commercial customers. Its core activities span helicopters and fixed-wing aircraft, avionics and mission systems, air and naval defence electronics (including radars and sensors), cybersecurity and secure communications, as well as space systems and services. The company also provides systems integration, mission support, maintenance, repair and overhaul (MRO) and training services across its product lines.

The business traces its modern identity to the former Finmeccanica group and was rebranded as Leonardo in 2017, reflecting a strategic emphasis on technology, research and innovation.

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