Short Interest in Lenovo Group Ltd. (OTCMKTS:LNVGY) Declines By 16.3%

Lenovo Group Ltd. (OTCMKTS:LNVGY) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 62,775 shares, a decline of 16.3% from the March 31st total of 75,028 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 98,292 shares, the days-to-cover ratio is presently 0.6 days.

Lenovo Group Price Performance

Lenovo Group stock opened at $30.19 on Friday. Lenovo Group has a fifty-two week low of $21.00 and a fifty-two week high of $32.69. The firm has a 50 day moving average price of $25.56 and a 200 day moving average price of $25.43. The company has a market capitalization of $18.72 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 1.30 and a beta of 0.60. 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 issued its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.22. The business had revenue of $22.20 billion during the quarter, compared to analysts’ expectations of $20.65 billion. Lenovo Group had a return on equity of 25.60% and a net margin of 1.89%. Research analysts expect that Lenovo Group will post 2.25 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Lenovo Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently 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.