Short Interest in Leonardo S.p.a. (OTCMKTS:FINMF) Increases By 11.6%

Leonardo S.p.a. (OTCMKTS:FINMF) was the recipient of a significant increase in short interest in August. As of August 15th, there was short interest totalling 4,833,300 shares, an increase of 11.6% from the July 31st total of 4,330,600 shares. Based on an average daily volume of 1,100 shares, the short-interest ratio is currently 4,393.9 days.

Leonardo Price Performance

Shares of OTCMKTS FINMF opened at $26.24 on Friday. Leonardo has a 12-month low of $13.36 and a 12-month high of $26.79. The stock’s fifty day simple moving average is $24.39 and its two-hundred day simple moving average is $23.98.

Institutional Investors Weigh In On Leonardo

A hedge fund recently bought a new stake in Leonardo stock. Silvercrest Asset Management Group LLC acquired a new stake in shares of Leonardo S.p.a. (OTCMKTS:FINMF) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 37,095 shares of the company’s stock, valued at approximately $933,000. 18.02% of the stock is owned by hedge funds and other institutional investors.

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.