Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Update

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 40,458 shares, a decrease of 35.6% from the April 15th total of 62,775 shares. Based on an average daily trading volume, of 102,378 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised Lenovo Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Two investment 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 Trading Up 2.6%

Shares of LNVGY stock traded up $0.83 during trading hours on Monday, reaching $32.32. The company had a trading volume of 80,601 shares, compared to its average volume of 116,303. The company has a 50 day moving average of $27.01 and a 200 day moving average of $25.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.96 and a quick ratio of 0.71. The firm has a market cap of $20.05 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.37 and a beta of 0.78. Lenovo Group has a 1-year low of $21.00 and a 1-year high of $35.60.

About Lenovo Group

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.