Lenovo Group Ltd. (OTCMKTS:LNVGY – Get Free Report) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 84,198 shares, a drop of 88.3% from the August 15th total of 718,862 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 816,154 shares, the short-interest ratio is presently 0.1 days.
Lenovo Group Stock Up 2.1%
OTCMKTS LNVGY traded up $1.69 during trading on Friday, reaching $82.46. 99,037 shares of the company’s stock traded hands, compared to its average volume of 149,966. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.95 and a quick ratio of 0.66. The firm has a market cap of $51.14 billion, a price-to-earnings ratio of 80.06 and a beta of 1.15. The company’s 50 day simple moving average is $69.35 and its two-hundred day simple moving average is $48.53. Lenovo Group has a 12-month low of $21.00 and a 12-month high of $89.99.
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 analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
Lenovo Group Company Profile
Lenovo Group Limited is a global technology company that develops, manufactures and sells personal computers, tablets, smartphones and other smart devices. Its portfolio includes the ThinkPad, ThinkBook, Yoga, Legion and IdeaPad computer brands, along with accessories, software and related device-management solutions.
The company also provides data-center and infrastructure products, including servers, storage systems, networking equipment and high-performance computing solutions. Through its services and solutions businesses, Lenovo supports organizations with IT consulting, managed services, digital workplace services, infrastructure services and other technology solutions.
Lenovo was founded in Beijing in 1984 as Legend and adopted the Lenovo name in 2004.
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