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

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 40,245 shares, an increase of 2,238.5% from the December 15th total of 1,721 shares. Based on an average daily trading volume, of 275,676 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 275,676 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Lenovo Group from an “overweight” rating to a “neutral” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Lenovo Group currently has an average rating of “Hold”.

Lenovo Group Stock Up 1.4%

Shares of LNVGY stock traded up $0.33 during trading hours on Monday, hitting $23.34. 866,055 shares of the company were exchanged, compared to its average volume of 283,839. Lenovo Group has a 52 week low of $17.84 and a 52 week high of $35.09. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.59. The business has a 50 day moving average of $25.33 and a two-hundred day moving average of $27.13. The company has a market capitalization of $14.48 billion, a PE ratio of 9.57, a PEG ratio of 0.54 and a beta of 0.61.

Lenovo Group (OTCMKTS:LNVGY) last announced its earnings results on Wednesday, November 19th. The technology company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.15. The firm had revenue of $20.45 billion during the quarter, compared to analyst estimates of $20.09 billion. Lenovo Group had a net margin of 2.17% and a return on equity of 28.15%. Analysts anticipate that Lenovo Group will post 2.06 earnings per share for the current fiscal year.

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.