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

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 100,506 shares, an increase of 178.3% from the January 15th total of 36,110 shares. Based on an average daily trading volume, of 185,635 shares, the short-interest ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 185,635 shares, the short-interest ratio is currently 0.5 days.

Lenovo Group Stock Down 4.9%

Shares of LNVGY traded down $1.18 during mid-day trading on Thursday, hitting $23.04. 43,689 shares of the company traded hands, compared to its average volume of 161,000. Lenovo Group has a 1-year low of $17.84 and a 1-year high of $35.09. The company has a market capitalization of $14.85 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.56 and a beta of 0.66. The business has a 50 day moving average of $23.74 and a 200 day moving average of $26.79. The company has a quick ratio of 0.71, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Zacks Research upgraded Lenovo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. downgraded shares of Lenovo Group from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 20th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Lenovo Group currently 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.