Lenovo Group Ltd. (OTCMKTS:LNVGY) Sees Significant Decrease in Short Interest

Lenovo Group Ltd. (OTCMKTS:LNVGY) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 111,138 shares, a decrease of 20.1% from the February 26th total of 139,032 shares. Based on an average daily volume of 213,729 shares, the short-interest ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Lenovo Group Stock Up 2.0%

Shares of OTCMKTS:LNVGY opened at $23.93 on Wednesday. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $14.84 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.02 and a beta of 0.63. Lenovo Group has a 52-week low of $17.84 and a 52-week high of $32.69. The stock’s fifty day simple moving average is $23.69 and its 200-day simple moving average is $25.80.

Lenovo Group (OTCMKTS:LNVGY) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.22. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%.The firm had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $20.65 billion. As a group, equities research analysts forecast that Lenovo Group will post 2.06 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Lenovo Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Lenovo Group Company Profile

Lenovo Group is a multinational technology company known primarily for the design, manufacture and sale of personal computers, servers, storage and smart devices. Its product portfolio spans consumer and commercial PCs (notable brands include ThinkPad, IdeaPad, Yoga and Legion), workstations, enterprise-class ThinkSystem servers and storage, as well as tablets, smartphones (notably through its Motorola Mobility acquisition), smart home devices and related software. Lenovo also provides IT services and solutions, including systems integration, managed services and lifecycle support for enterprise customers.

The company traces its origins to 1984 when it was founded in Beijing as Legend by Liu Chuanzhi; it later adopted the Lenovo name and expanded through a series of strategic acquisitions.