Lenovo Group Limited (OTCMKTS:LNVGY) Short Interest Down 76.1% in May

Lenovo Group Limited (OTCMKTS:LNVGY) was the recipient of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 6,200 shares, a drop of 76.1% from the May 15th total of 25,900 shares. Based on an average daily trading volume, of 78,700 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Lenovo Group Price Performance

Shares of LNVGY opened at $23.95 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. Lenovo Group has a 1 year low of $17.84 and a 1 year high of $35.09. The stock has a market cap of $14.85 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 0.67 and a beta of 0.77. The stock’s 50-day moving average price is $22.91 and its two-hundred day moving average price is $25.63.

Lenovo Group (OTCMKTS:LNVGY) last issued its earnings results on Thursday, May 22nd. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Lenovo Group had a return on equity of 25.37% and a net margin of 2.34%. The firm had revenue of $16.98 billion for the quarter, compared to analysts’ expectations of $15.77 billion. On average, equities analysts predict that Lenovo Group will post 2.06 earnings per share for the current year.

About Lenovo Group

Lenovo Group Limited, an investment holding company, develops, manufactures, and markets technology products and services. It operates through Intelligent Devices Group, Infrastructure Solutions Group, and Solutions and Services Group segments. The company offers commercial and consumer personal computers, as well as servers and workstations; and a family of mobile Internet devices, including tablets and smartphones.