Leonardo S.p.a. (OTCMKTS:FINMF) Short Interest Update

Leonardo S.p.a. (OTCMKTS:FINMF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 4,842,100 shares, an increase of 10.1% from the May 31st total of 4,398,700 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 1,424.1 days.

Leonardo Stock Performance

Shares of FINMF opened at $23.59 on Tuesday. The firm has a 50 day simple moving average of $24.46 and a two-hundred day simple moving average of $21.87. Leonardo has a one year low of $11.16 and a one year high of $26.79.

Institutional Trading of Leonardo

An institutional investor recently bought a new position in Leonardo stock. Silvercrest Asset Management Group LLC purchased a new stake in Leonardo S.p.a. (OTCMKTS:FINMF) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 37,095 shares of the company’s stock, valued at approximately $933,000. Hedge funds and other institutional investors own 18.02% of the company’s stock.

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.