Short Interest in Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY) Grows By 859.9%

Key Points

• Short interest in Leonardo S.P.A. (OTCMKTS:FINMY) surged by 859.9% in August, rising from 36,700 shares to 352,300 shares.
• Leonardo shares increased by 3.2% to $29.11, with a trading volume of 69,441 shares, despite an average volume of 147,563.
• The company recently increased its dividend to $0.1604 per share, significantly up from its previous dividend of $0.05, representing a yield of 58.0%.

Leonardo S.P.A. - Unsponsored ADR (OTCMKTS:FINMY - Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 352,300 shares, an increase of 859.9% from the August 15th total of 36,700 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily volume of 358,800 shares, the short-interest ratio is presently 1.0 days. Based on an average daily volume of 358,800 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the company's shares are sold short.

Leonardo Stock Up 3.2%

Shares of FINMY stock traded up $0.90 on Thursday, hitting $29.11. The stock had a trading volume of 69,441 shares, compared to its average volume of 147,563. Leonardo has a one year low of $10.94 and a one year high of $31.63. The business has a 50 day moving average price of $27.61 and a 200 day moving average price of $26.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.61 and a current ratio of 0.96.

Leonardo Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.1604 per share. This is a boost from Leonardo's previous dividend of $0.05. This represents a dividend yield of 58.0%. The ex-dividend date was Tuesday, June 24th.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Barclays raised Leonardo to a "hold" rating in a research note on Monday. Kepler Capital Markets raised Leonardo from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

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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