Lenovo Group Ltd. (OTCMKTS:LNVGY) Short Interest Up 99.0% in May

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 101,751 shares, an increase of 99.0% from the May 14th total of 51,122 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 260,441 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Lenovo Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Lenovo Group presently has an average rating of “Buy”.

Lenovo Group Stock Up 3.8%

Shares of OTCMKTS LNVGY traded up $2.37 during midday trading on Tuesday, hitting $64.78. 19,285 shares of the stock traded hands, compared to its average volume of 126,673. The company has a market cap of $40.18 billion, a PE ratio of 23.39, a P/E/G ratio of 2.04 and a beta of 1.10. Lenovo Group has a one year low of $21.00 and a one year high of $68.79. The business has a 50 day moving average price of $39.07 and a two-hundred day moving average price of $29.26. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.71 and a current ratio of 0.96.

Lenovo Group (OTCMKTS:LNVGY) last released its quarterly earnings data on Thursday, May 21st. The technology company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.54 by $0.28. The firm had revenue of $21.59 billion during the quarter, compared to the consensus estimate of $19.39 billion. Lenovo Group had a return on equity of 28.52% and a net margin of 2.30%. On average, equities analysts predict that Lenovo Group will post 2.75 EPS for the current 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.