Lenovo Group Ltd. (OTCMKTS:LNVGY) Stock Short Interest Falls 68.5%

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 19,001 shares, a decrease of 68.5% from the September 15th total of 60,271 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 208,204 shares, the days-to-cover ratio is presently 0.1 days.

Lenovo Group Stock Performance

Shares of LNVGY stock opened at $79.00 on Tuesday. The company has a market capitalization of $49.04 billion, a price-to-earnings ratio of 76.70 and a beta of 1.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.67 and a current ratio of 0.98. Lenovo Group has a one year low of $21.00 and a one year high of $98.50. The company’s 50-day moving average is $82.33 and its 200 day moving average is $58.53.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Lenovo Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, Lenovo Group currently has a consensus rating of “Hold”.

Lenovo Group Company Profile

Lenovo Group Limited is a global technology company that develops, manufactures and sells a broad range of information technology products and services. Its portfolio includes personal computers, laptops, workstations, tablets, smartphones, servers, storage systems, accessories and other smart devices. The company also provides information technology infrastructure, managed services, support and solutions for businesses, governments and other organizations.

Lenovo was founded in Beijing in 1984 and was originally known as Legend.