Lenovo Group Limited (OTCMKTS:LNVGY) Short Interest Up 482.3% in December

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Lenovo Group Limited (OTCMKTS:LNVGY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 36,100 shares, an increase of 482.3% from the December 15th total of 6,200 shares. Based on an average daily volume of 35,600 shares, the short-interest ratio is currently 1.0 days.

Lenovo Group stock opened at $22.87 on Thursday. The firm’s 50 day simple moving average is $17.13 and its 200-day simple moving average is $13.94. The company has a market cap of $13.77 billion, a P/E ratio of 17.20, a price-to-earnings-growth ratio of 0.51 and a beta of 1.21. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.87 and a quick ratio of 0.64. Lenovo Group has a fifty-two week low of $8.92 and a fifty-two week high of $22.93.

Lenovo Group (OTCMKTS:LNVGY) last released its earnings results on Monday, November 2nd. The technology company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.01. The business had revenue of $14.52 billion for the quarter, compared to the consensus estimate of $13.90 billion. Lenovo Group had a net margin of 1.57% and a return on equity of 19.35%. On average, analysts expect that Lenovo Group will post 1.81 EPS for the current fiscal year.

A number of brokerages have issued reports on LNVGY. Credit Suisse Group raised Lenovo Group from a “neutral” rating to an “outperform” rating in a research report on Monday. Zacks Investment Research downgraded Lenovo Group from a “buy” rating to a “sell” rating in a report on Friday, November 6th. Bank of America upgraded Lenovo Group from a “neutral” rating to a “buy” rating in a report on Tuesday, November 3rd. Finally, ValuEngine upgraded Lenovo Group from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 9th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $14.00.

Lenovo Group Company Profile

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones. The company also provides laptops, desktops, phones, accessories, monitors, ultrabooks, data center solutions, systems, software, server and storage products, networking products, and replacement parts.

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