Short Interest in Leonardo S.p.a. (OTCMKTS:FINMY) Drops By 68.6%

Leonardo S.p.a. (OTCMKTS:FINMY - Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 14,400 shares, a drop of 68.6% from the January 15th total of 45,800 shares. Based on an average trading volume of 47,700 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised shares of Leonardo from an "equal weight" rating to an "overweight" rating in a research note on Thursday, January 16th.

Leonardo Trading Up 4.9 %

Shares of FINMY stock traded up $0.78 during trading hours on Friday, hitting $16.63. 33,447 shares of the company's stock traded hands, compared to its average volume of 24,491. The stock's 50 day simple moving average is $14.35 and its 200 day simple moving average is $12.90. Leonardo has a 12 month low of $9.87 and a 12 month high of $16.73. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.95 and a quick ratio of 0.58.

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.