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

Lenovo Group Ltd. (OTCMKTS:LNVGY) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 139,032 shares, an increase of 100.0% from the February 12th total of 69,523 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 506,813 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 506,813 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Lenovo Group Price Performance

Shares of OTCMKTS LNVGY traded down $0.33 during midday trading on Thursday, reaching $24.21. The stock had a trading volume of 3,468 shares, compared to its average volume of 166,954. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.71 and a current ratio of 0.96. The stock has a 50-day moving average of $23.55 and a 200-day moving average of $26.28. The company has a market capitalization of $15.01 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 1.05 and a beta of 0.63. Lenovo Group has a 12-month low of $17.84 and a 12-month high of $32.69.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Wednesday, February 11th. The technology company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.22. The firm had revenue of $22.20 billion during the quarter, compared to analyst estimates of $20.65 billion. Lenovo Group had a net margin of 1.89% and a return on equity of 26.18%. As a group, research analysts anticipate that Lenovo Group will post 2.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LNVGY. JPMorgan Chase & Co. cut Lenovo Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 20th. Zacks Research upgraded shares of Lenovo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock 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.