Short Interest in Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY) Grows By 357.1%

Key Points

• Short interest in Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY) surged by 357.1% in September, increasing from 7,000 shares to 32,000 shares.
• The company's shares traded down by 0.5% to reach $28.53, reflecting a trading volume significantly lower than its average.
• Analysts have varied opinions on the stock, with one strong buy, three buys, and four holds, resulting in an average rating of Moderate Buy.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 32,000 shares, an increase of 357.1% from the September 15th total of 7,000 shares. Based on an average trading volume of 152,100 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 152,100 shares, the short-interest ratio is presently 0.2 days.

Leonardo Stock Down 0.5%

Shares of OTCMKTS FINMY traded down $0.15 during mid-day trading on Friday, reaching $28.53. The company had a trading volume of 14,906 shares, compared to its average volume of 142,337. Leonardo has a one year low of $11.68 and a one year high of $33.16. The business's 50-day simple moving average is $29.25 and its 200 day simple moving average is $27.84.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on FINMY shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Leonardo in a report on Monday, October 6th. Kepler Capital Markets upgraded shares of Leonardo from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 31st. The Goldman Sachs Group raised Leonardo to a "hold" rating in a report on Friday, September 19th. Finally, Barclays raised Leonardo to a "hold" rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average 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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